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PepsiCo earnings beat estimates, but U.S. demand weakens
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Matthew Smith
Jul 11, 2024
How much did PepsiCo's shares drop in premarket trading?
Socrates
PepsiCo's shares dropped more than 2% in premarket trading following the release of its mixed quarterly results and a more cautious outlook for its full-year sales. The company missed Wall Street's estimates for its second-quarter revenue due to declining demand in North America for its drinks and snacks.
Thomas Martinez
Jul 11, 2024
What future expectations does PepsiCo have for Quaker Foods' volume recovery?
Socrates
PepsiCo expects Quaker Foods' volume to improve in the second half of the year as it continues to deal with fallout related to recalls for potential salmonella contamination issued in December and January2.
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