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-0.000605348431435242 -0.00288430723213333 -0.00494961364526577 -0.00744222483352909 -0.0203325855499768 -0.0170565822739734 -0.0181248442118006 -0.0263860698643306
Stock impact report

PepsiCo cuts annual profit forecast as trade war set to drive up costs [Yahoo! Finance]

PepsiCo, Inc. (PEP) 
Last pepsico, inc. earnings: 4/28 06:03 am Check Earnings Report
US:NYSE Investor Relations: pepsico.com/investors
Company Research Source: Yahoo! Finance
Its shares were down nearly 1% in premarket trading after the Frito-Lay maker also posted its first quarterly profit miss in at least five years. "As we look ahead, we expect more volatility and uncertainty, particularly related to global trade developments, which we expect will increase our supply chain costs," CEO Ramon Laguarta said in a statement. PepsiCo forecast fiscal 2025 core earnings per share to decline 3%, compared with its previous expectation of a low-single-digit increase. The company reported earnings per share of $8.16 last year. The company plans mitigation actions to address the higher supply chain costs where possible, said Laguarta, adding it would include adjusting sourcing of key inputs. PepsiCo has two food plants in Mexico and two concentrate plants in Ireland. The 25% U.S. tariffs on steel and aluminum, which came into force in March, could also weigh on the company's margins. Laguarta on Thursday also called out uncertain and subdued consumer cond Show less Read more
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