PepsiCo falls after annual core profit forecast cut

Soda and snacks giant PepsiCo's PEP.O shares fall 2% to $139.32 premarket

PEP cuts annual core profit forecast on higher supply chain costs related to tariffs, elevated macroeconomic volatility and a
subdued consumer backdrop

Now expects fiscal 2025 core earnings per share to decline 3%, compared with prior forecast of a low-single-digit increase

Q1 net revenue falls 1.8%, compared with analysts' estimates of a 2.63% fall - LSEG

Co maintains annual organic revenue growth forecast in the low-single-digit range

As of last close, PEP down 6.4% YTD