PepsiCo revenue disappoints as inflation-battered customers cut back on snack spending

PepsiCo did surpass earnings per share expectations, hitting an adjusted profit per share of $2.28 – higher than LSEG estimates of $2.16. While revenue rose – up 0.8% to $22.50 billion – it came short of analysts' expectations of $22.57 billion. "It's not a business to sit on its hands and there is a clear focus on profitable growth, so PepsiCo is going to have to pull various levers depending on products to try and stay on top," an investment analyst told Reuters. PepsiCo's second-quarter profits jumped bu ...