Costs Keep Rising, Recovery Lags: PepsiCo (PEP.US) Cuts Guidance as North American Business Comes Under Pressure

Zhito Finance APP has learned that PepsiCo (PEP.US) lowered its profit forecast, as the recovery process for this snack and beverage giant in the North American market has been longer than expected. The earnings report shows that revenue reached $25.27 billion, up 5.6% year-over-year, beating expectations by $310 million; adjusted earnings per share were $2.34, beating expectations by $0.04.