PEP Stock Tumbles After Q2 Earnings – CEO Flags Consumer Budgets Tightening In US From Inflationary Pressures
✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source
PepsiCo's stock has declined following the release of its Q2 earnings, with the company's CEO noting that consumer budgets in the US are tightening due to inflationary pressures. The company has also warned of higher commodity costs and faltering North American food sales. The stock's price has fallen, with one report indicating an 11% drop ahead of earnings.
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