International Companies

PepsiCo shares drop on gloomy outlook despite Q2 beat

By Benjamin Chiou

Date: Thursday 09 Jul 2026

(Sharecast News) - PepsiCo shares dropped in New York on Thursday after the drinks and snacks group flagged pressure from unpredictable commodity prices and weaker North American food sales, despite posting higher second-quarter profits.


Net revenue rose 6.4% year-on-year to $24.18bn over the three months to 13 June,...

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