Pepsiso on Thursday lowered his full year’s expectations, citing a pool of consumer expenses and consumer expenses.
Pepsi Beverages and Frito-Lay Snacks makers say it is now hoping that it will be the main earnings per share with last year. Previously it was expected to grow a percentage of mid-one-digit.
Pepsico and other beverage manufacturers have 25% tariffs imported among injuries.
Pepsico said in February that the prices of double -digits increase year after year and have changed the taste of consumers and weakened their demand for snacks and drinks.
The company responds more to standard brands like Chesters and Santitus and add more publicity and value packs. It burned his health certificate last month, Poppie, a popular prebiotic soda brand, $ 1.95 billion bought for $ 1.95 billion.
Pepsiso said it expects the rest of this year to “high level of instability and uncertainty” for the rest of this year. Geological tension is affecting sales in some markets, the company said.
Pepsico’s net revenue was reduced by 5.7% due to the decline in the sales volume around the world. Analysts surveyed by Factste said it was a bit higher than $ 17.8 billion on Wall Street.
Purchase, New York, Net income of the company has decreased by 10% to $ 1.8 billion. Adjusting for one -time items, Pepsico has earned $ 1.48 per share. It was a bit lower than the forecast for the $ 1.49 analysts.
Pepsico’s shares are 1% back before the opening bell on Thursday.
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