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المشهد العربي
PepsiCo cuts profit outlook
PepsiCo has decided to lower its profit outlook for 2026 due to inflation pressures and a decline in consumer spending, particularly in the North American market. Although the company achieved revenues that exceeded expectations in the third quarter, rising material costs and the market absorbing the inflationary impact have led to a downgrade in forecasts. Currently, it expects only 1-2% growth in basic earnings per share, compared to previous projections of 4-6%. Additionally, organic revenues for 2026 are now expected to increase by approximately 3%, with consumer price sensitivity and inflation's effect on net income remaining significant concerns. In the third quarter, the company reported revenues of $25.27 billion and a net income of $3.05 billion, with earnings per share rising 2% to $2.34.
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