PepsiCo says economic concerns weighed on customers in North American during recent quarter
Summary
PepsiCo reported higher than expected revenue of $24.2 billion in the second quarter despite weaker demand in North America. The company said economic worries caused customers to spend less on snacks and beverages, but sales grew in other countries.Key Facts
- PepsiCo's revenue rose 6.4% to $24.2 billion from April to June 2026.
- In North America, snack sales stayed flat and beverage sales dropped by 4% in the second quarter.
- Rising gas prices due to the war in Iran affected consumer spending in the U.S.
- PepsiCo lowered prices on popular chips earlier in the year to boost sales.
- Overall global snack volumes increased 3%, and beverage volumes grew 2%.
- The company launched Gatorade Lower Sugar, a healthier drink with no artificial flavors or colors.
- PepsiCo’s net income more than doubled to $2.98 billion in the quarter.
- Adjusted earnings per share were $2.18, slightly below analyst predictions of $2.19.
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