Overview

• PepsiCo has cut its 2025 core earnings per share forecast to a 3% decline or flat, down from its previous expectation of low- to mid-single-digit growth.
• The company cites increased costs from a 25% tariff on imported aluminum and ongoing global trade policy volatility as key factors impacting profitability.
• First-quarter results showed a 3% drop in organic food volumes, a 1.8% decline in net revenue to $17.9 billion, and a 10% fall in net income to $1.8 billion.
• CEO Ramon Laguarta highlighted subdued consumer demand across markets as another challenge affecting PepsiCo’s snack and beverage sales.
• PepsiCo’s revised guidance underscores the growing pressure on supply chains and shifting consumer behavior in a challenging economic environment.