Pepsico reduced their profit expectations throughout the year on Thursday, citing higher tariff costs and a setback in consumer spending.
Pepsi Beverages and Frito-Lay Snacks said that now he expects his main profits per action to be even last year. Previously I expected a percentage growth of single digit digits.
A 25% rate on Imported aluminum It is among those who hit Pepsico and other drinking manufacturers.
Pepsico said In February Those years of two -digit price increases and the changing tastes of consumers had weakened the demand for their snacks and drinks.
The company responded by investing more in value brands, such as Chester’s and Santitas, and adding more promotions and value packages. Also grows his health credentials last month for Poppi BuyA popular brand of prebiotic soft drinks, for $ 1.95 billion.
Pepsico said he expects “high levels of volatility and uncertainty” for the rest of this year. Geopolitical tensions are affecting sales in some markets, the company said.
Pepsico’s net income fell 1.8% to $ 17.9 billion in the first quarter when their sales volumes fell worldwide. That was a little higher than Wall Street expected of $ 17.8 billion, according to analysts surveyed by Factset.
The purchase, New York, the company’s net income fell 10% to $ 1.8 billion. Adjusted for unique articles, Pepsico won $ 1.48 per share. That was slightly lower than the prognosis of analysts of $ 1.49.
Pepsico’s shares fell 1% before the opening bell on Thursday.
