"Results Were Tempered": Pepsi Blames US Snack Slump On Cash-Strapped Consumers
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Source: Zero Hedge
Published: 2026-07-10 04:00 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Middle East, Military & Defence, Iran, Food & Agriculture, War & Conflict
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Snippet:
PepsiCo blamed the second-quarter slowdown in its North American food unit on consumers tightening their belts. The period was marked by elevated pump prices tied to the US-Iran war, a squeeze that hit lower-income households the hardest and weighed on discretionary snack and beverage purchases.
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