Weaker Dollar - Business Outrank

PepsiCo predicts a smaller annual profit decrease because of strong US soda sales and rising interest in healthier beverages and a weaker dollar according to the company's Thursday announcement. The Gatorade manufacturer experienced a 1.6% increase in premarket trading after delivering better-than-expected second-quarter financial results. The Quaker Oats parent company has adapted to consumer demands for healthier beverages and affordable snacks through the addition of prebiotic soda Poppi and new Lay’s and Doritos flavors. The company has implemented multiple price reduction strategies to draw budget-conscious customers after maintaining elevated prices for multiple years. The dollar's strength during the first part of the year was expected to negatively impact international revenue which makes up 40% of total sales at PepsiCo. The dollar's recent depreciation has reduced the pressure on earnings. CEO Ramon Laguarta announced that the company now predicts a 1.5% decrease in full-year core earnings per share instead of the previously forecasted 3% decline. The North American beverage segment achieved a 1% revenue increase during Q2 following a 2% decline in the previous quarter. The company achieved revenue growth of 1% which reached $22.73 billion above market predictions. The company delivered adjusted earnings of $2.12 per share which exceeded analyst predictions of $2.03 while demonstrating strength in the face of market changes.

What's Hot

PepsiCo Expects Smaller Drop in Annual Profit on US Soda Demand, Weaker Dollar

Jaguar Land Rover to Axe 500 UK Management Jobs as Trump Tariffs Hit Sales

UK Unemployment Rises as Wage Growth Slows, Jobs Market Weakens Further

Virus Susceptibility in Species: Study Reveals Surprising Findings

Effective Yoga Poses to Naturally Manage Blood Sugar Levels

Health Budgets Of States Fall Below 8%, Missing National Health Policy Targets

The Connection Between Diet and Organic Skincare – Foods for Healthy Skin

Priyanka Chopra’s Stunning Desi Look Steals the Spotlight at Her Brother’s Wedding Festivities

Jana Nayagan: Vijay Wields a Whip in Stunning 2nd Look Poster, Thrilling Fans

Assam’s Jatin Goswami Honored with Padma Bhushan for Sattriya Legacy

Vijay Vikram Singh Urgently Appeals for Respect Amidst Intense Backlash from Rajat Dalal Fans: ‘I Am Not Bigg Boss

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Indian government approves Singapore Airlines bid to merge Vistara and Air India

Independence Day and Raksha Bandhan Fuel Airbnb Travel Rush

Virus Susceptibility in Species: Study Reveals Surprising Findings

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Bachchan’s ₹83 Crore Duplex Sale Sparks Unbelievable Investment Growth

Kartik Aaryan’s Fitness Secret: How He Achieved a Stunning Transformation

Browsing: Weaker Dollar

PepsiCo Expects Smaller Drop in Annual Profit on US Soda Demand, Weaker Dollar

PepsiCo Expects Smaller Drop in Annual Profit on US Soda Demand, Weaker Dollar

Jaguar Land Rover to Axe 500 UK Management Jobs as Trump Tariffs Hit Sales

UK Unemployment Rises as Wage Growth Slows, Jobs Market Weakens Further

SBI Eyes ₹25,000 Crore Through Record QIP at 2.5% Discount to Boost Growth

Our Picks

PepsiCo Expects Smaller Drop in Annual Profit on US Soda Demand, Weaker Dollar

Jaguar Land Rover to Axe 500 UK Management Jobs as Trump Tariffs Hit Sales

UK Unemployment Rises as Wage Growth Slows, Jobs Market Weakens Further

Most Popular

PepsiCo Expects Smaller Drop in Annual Profit on US Soda Demand, Weaker Dollar

Harvesting Hope: Rahul Gandhi’s Empathy in Action with Farmers before 2024 Elections

Is Modi Afraid? Congress Leader Accuses PM of Targeting Rahul Gandhi

Subscribe to Updates

What's Hot

Browsing: Weaker Dollar