PepsiCo Stock Falls Despite Q1 Results Beating Expectations

Key TakeawaysPepsiCo reported first-quarter results above expectations Tuesday.Shares slipped 2% in intraday trading despite beating revenue and adjusted profit estimates.The company affirmed its full-year guidance, projecting revenue growth of at least 4% compared with 2023. PepsiCo (PEP) reported first-quarter results above expectation, with significant international growth offsetting struggles from the Quaker Foods division, but shares slipped in intraday trading Tuesday. The company's core financial met ...