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PepsiCo Inc (NASDAQ:PEP, XETRA:PEP) shares fell about 4% on Thursday after the food and beverage company reported fiscal second-quarter adjusted earnings that came in slightly below Wall Street expectations, despite revenue topping estimates and the company reaffirming its full-year...
International markets drove top-line growth, but North American beverage volume fell 4% and the company warned of a gradual domestic recovery
While PepsiCo faces slowing North American demand, international growth remains a key source of optimism.
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