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PepsiCo Reports Mixed Results as Consumers 'Become More Value-Conscious'
PEPPepsiCo(PEP) Investopedia·2024-07-11 22:47

PepsiCo (PEP) shares slipped in intraday trading Thursday after the company delivered mixed second-quarter results and lowered its full-year organic growth outlook. In prepared remarks, PepsiCo management discussed the impact of rising costs on consumers' ability to spend. Shares of PepsiCo slipped 1% to $162.03 as of 10:40 a.m. ET Thursday. They are down about 4.5% this year. PepsiCo reported second-quarter results that beat analysts' profit expectations but missed on revenue. The company also lowered its ...