Quartz·1 min read·medium
PepsiCo posted a revenue beat but missed on earnings as U.S. demand faltered
✦AI Summary
PepsiCo reported a revenue beat for the recent quarter but missed earnings expectations due to declining demand in North America. While international markets showed growth, the company warned of a slow recovery in its domestic beverage segment.
International markets drove top-line growth, but North American beverage volume fell 4% and the company warned of a gradual domestic recovery
businesseconomy
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