Lates News

Beverage and snacks company PepsiCo, fast food chain brand Chipotle, and consumer goods company Procter & Gamble all lowered their full-year profit outlook on April 24th. PepsiCo stated that due to reduced consumer spending and increased pressure on businesses from global tariffs, the company has revised its profit outlook for this year to be in line with last year. In the previous quarter ending on March 22nd, PepsiCo's revenue declined by 1.8% year-on-year to $17.9 billion, while net profit decreased by 10% year-on-year to $1.8 billion.