PepsiCo cuts annual core profit forecast on margin pressure
PepsiCo said higher input costs and weaker consumer spending, particularly in North America, pressured margins and led it to cut its annual core profit forecast.
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10:30:22 AM UTC
SquawkNews
Tariff refunds and cost-cutting measures are lifting PepsiCo's operating profit margins in the third quarter. Core operating profit increased 3% in the quarter, with a 4-percentage-point favorable impact from tariff refunds. Productivity savings and effective net pricing also contributed, though hi…
Consumer packaged goods makers such as PepsiCo, General Mills NYSE:GIS…