PepsiCo earnings beat estimates, but demand for drinks and snacks drops in North America

Bottles of Pepsi soda are seen on display at a Target store on February 09, 2024 in the Flatbush neighborhood of Brooklyn borough New York City.PepsiCo reported mixed quarterly results on Tuesday as demand for its snacks and drinks fell in North America.Shares of the company fell less than 1% in premarket trading.Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: $1.96 adjusted vs. $1.94 expectedRevenue: $27.78 billion vs. ...