国际市场强劲增长抵消北美疲软 百事可乐(PEP.US)Q2业绩全线超预期

Core Viewpoint - Despite ongoing challenges in the North American food and beverage market, the global food and beverage giant PepsiCo (PEP.US) reported quarterly results that exceeded analyst expectations, driven by strong international market performance, while maintaining its full-year guidance [1] Financial Performance - For the second quarter ending June 14, PepsiCo's revenue grew approximately 1% to $22.73 billion, surpassing the analyst forecast of a decline of 0.99% to $22.28 billion [1] - Organic revenue, excluding mergers, divestitures, and currency effects, increased by 2.1%, exceeding analyst expectations [1] - Net income attributable to the company was $1.26 billion, or $0.92 per share, significantly down from $3.08 billion ($2.23 per share) in the same period last year [1] - Adjusted earnings per share, excluding specific impairment charges, reached $2.12, exceeding market expectations of $2.03 [1] Regional Performance - Organic revenue in the Europe, Middle East, and Africa region grew by 7%, and Latin America's food business also saw a 7% increase, effectively offsetting a 2% decline in North American food business [1] - Global snack food sales declined by 1.5%, while beverage sales remained flat [1] - Currency fluctuations positively impacted performance by 1.5 percentage points [1] Strategic Initiatives - The company is actively adjusting its strategy in response to health food trends and competition from low-cost private label products, including the recent acquisition of probiotic soda brand Poppi [2] - PepsiCo plans to eliminate all synthetic colors from U.S. school foods before the new school year and introduce products without artificial colors and flavors [2] - The company aims to increase the proportion of low-sugar/no-sugar products, which has already helped its flagship brand, Pepsi, gain market share [2] - Cost-cutting measures include closing two North American food factories and improving logistics efficiency [2] - Marketing investments will focus on return on investment assessments, and the company is working to integrate North American food and beverage operations to eliminate functional redundancies [2]