PepsiCo posts better-than-expected second quarter despite lower US sales

PepsiCo lowered its full-year earnings expectations in April, citing increased costs from tariffs and a pullback in consumer spending (PA)

PepsiCo reported better-than-expected earnings and revenue in the second quarter despite sluggish North American sales.

Sales of Frito-Lay and other snacks fell 1% in North America during the April-June period, PepsiCo said on Thursday, while beverage sales were down 2% in the region.