PepsiCo Shares Slip as Inflation Dents North American Sales

CEO Ramon Laguarta cited a clear moderation in domestic food and beverage performance, noting that inflationary pressures are forcing households to tighten their budgets. While global demand remains a bright spot for the conglomerate, the struggle within its core North American divisions overshadowed these gains. The market reaction was swift, with shares of the company falling more than 4% during Thursday morning trading. The cooling domestic environment follows a period of volatile global oil prices, which have created a challenging backdrop for consumer-facing businesses reliant on steady spending habits.