PepsiCo disclosed mixed fourth-quarter earnings Tuesday amid ongoing challenges in North American markets. PepsiCo’s earnings per share exceeded expectations, but revenue fell short. Demand in North America has weakened as U.S. shoppers grow more cautious, cutting back on snacks and convenience store purchases. Frito-Lay North America’s volume declined due to consumers reducing snack purchases in response to rising food prices and interest rates, and the beverage unit experienced a volume decline. Shares dipped over 2% in premarket trading.
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00:00It's Benzinga bringing Wall Street to Main Street. PepsiCo disclosed mixed fourth quarter earnings
00:04Tuesday amid ongoing challenges in North American markets. PepsiCo's earnings per share exceeded
00:10expectations, but revenue fell short. Demand in North America has weakened as U.S. shoppers grow
00:15more cautious, cutting back on snacks and convenience store purchases. Frida laid North
00:19America's volume decline due to consumers reducing snack purchases in response to rising food prices
00:25and interest rates, and the beverage unit experienced a volume decline. Shares dipped
00:30over 2% in pre-market trading. For all things money, visit Benzinga.com slash GSTV.