Bank of America lowered PepsiCo's 2026 earnings per share forecast to $8.61 from $8.65, citing weaker performance in its North American snacks division. The second-quarter organic sales growth estimate was cut to 2.9% from 3.1%, reflecting ongoing macroeconomic pressures and unfavorable weather. Despite this, international markets showed strength with a 5.4% organic sales growth forecast for Q2. PepsiCo's beverage segment improved slightly, but core brands like Pepsi and Mountain Dew face challenges. The stock price target was reduced to $164, maintaining a Neutral rating ahead of the July 9 earnings report.
The global protein snacks market is projected to grow from $5.86 billion in 2026 to $8.87 billion by 2030, with a CAGR of 10.9%. This growth is fueled by rising health consciousness, demand for high-protein diets like keto, and innovations in clean-l...
Whey protein inventories in the U.S. have dropped about 50% since 2023 due to surging demand driven by diet trends and increased use of GLP-1 weight-loss drugs, which require higher protein intake to prevent muscle loss. The dairy industry's processi...
PepsiCo raised its dividend for the 54th year but showed weak organic revenue growth of 2.6% and a sharp 98% drop in operating cash flow in Q1 FY26, with full-year 2025 income down due to impairments and volume declines. CEO Ramon Laguarta is restruc...
