Cases of Pepsi soda are displayed at a Costco Wholesale store on April 25, 2025 in San Diego, California.
Kevin Carter |
PepsiCo on Thursday reported quarterly earnings and revenue that topped analysts’ expectations, despite weaker demand for its food and drinks in North America.
Shares of the company rose roughly 1% in premarket trading.
Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:
- Earnings per share: $2.12 adjusted vs. $2.03 expected
- Revenue: $22.73 billion vs. $22.27 billion expected
Pepsi reported second-quarter net income attributable to the company of $1.26 billion, or 92 cents per share, down from $3.08 billion, or $2.23 per share, a year earlier.
Excluding restructuring and impairment charges and other items, the company earned $2.12 per share.
Net sales rose 1% to $22.73 billion. The company’s organic revenue, which excludes acquisitions, divestitures and foreign currency, increased 2.1% during the quarter.
But the company is still seeing softer demand for its products. Pepsi’s worldwide volume fell 1.5% for its food and was flat for its drinks. The metric strips out pricing and foreign exchange changes.
Pepsi reiterated its full-year outlook. It still expects its core constant currency earnings per share to be roughly unchanged from the prior year and organic revenue to grow by a low-single digit percentage.
Last quarter, the company cut its earnings forecast, citing new tariffs, economic volatility and a more cautious consumer.