PepsiCo, one of the global giants in soft drinks and snacks, has lowered its annual profit forecast due to increased production costs and weakening consumer spending, influenced by the uncertainty generated by the U.S. government’s trade tariffs.
The company, known for its iconic brands such as Pepsi and Frito-Lay, also recorded its first quarterly profit decline in more than five years. Its shares fell by about 2.5% following the announcement. The increase in supply chain costs, especially in materials like aluminum for drink cans, is one of the main concerns. According to its CEO, Ramon Laguarta: “We expect greater volatility and uncertainty in international trade, which will increase our operating costs.”
The company now expects a 3% drop in its earnings per share for the fiscal year 2025, in contrast to an earlier forecast of slight growth
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