PepsiCo Inc. announced on Thursday that its diluted earnings per share (EPS) in the first quarter of fiscal 2025 came in at $1.33, down 10% compared to the same timeframe in 2024.
In the three months ending March 22, net revenue declined some 2% year over year, landing at $17.9 billion, while net income tumbled 10%, amounting to $1.8 billion.
"As we look ahead, we expect more volatility and uncertainty, particularly related to global trade developments, which we expect will increase our supply chain costs. At the same time, consumer conditions in many markets remain subdued and similarly have an uncertain outlook," CEO Ramon Laguarta said.
The company's stock decreased 1.87% in the premarket following the release of the report.
