PepsiCo to cut costs as weak North America business hurts annual core profit forecast

PepsiCo has announced plans to reduce costs due to a decline in its North American business, which is impacting its annual core profit forecast. This move is a response to rising input costs and softer consumer demand, forcing the company to reassess its financial projections. The revised forecast indicates a slower growth rate for PepsiCo's core earnings per share, now expected to be between 1% and 2% for fiscal 2026. This adjustment will likely have a ripple effect on the company's overall performance and market expectations.

Why it matters

PepsiCo's decision to implement cost-cutting measures in response to rising input costs and a slowdown in consumer demand may help the company maintain its profit margins, but it could also affect the company's growth prospects and investor sentiment. The

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