Pepsi bottles with new and old logos are seen at a grocery store in Las Vegas, United States, November 17, 2023.
Jakub Porzycki | Nurphoto | Getty Images
PepsiCo reported mixed quarterly results on Thursday, hurt by weaker demand in North America for its beverages and snacks.
The company also lowered its full-year revenue outlook.
The company's shares fell more than 2% in premarket trading.
Here's what the company reported compared to what Wall Street expected, according to a survey of analysts by LSEG:
- Earnings per share: Adjusted $2.28 vs. expected $2.16
- Revenue: $22.5 billion vs. $22.57 billion forecast
Pepsi reported second-quarter net income attributable to the company of $3.08 billion, or $2.23 per share, compared with $2.75 billion, or $1.99 per share, a year earlier.
Excluding items, the company earned $2.28 per share.
Net sales rose nearly 1% to $22.5 billion.
