PepsiCo reported mixed first-quarter results Thursday as international growth offset weakening North American demand, according to CNBC. Adjusted EPS came in at $1.48, just below the $1.49 estimate, while revenue exceeded expectations at $17.92 billion versus $17.77 billion forecast. North American volume declined 3% in beverages and 1% in foods. The food and beverage giant now expects its full-year core constant currency earnings per share to remain flat, lowering its previous forecast of mid-single digit growth. The company maintained its guidance for a low-single digit rise in organic revenue.
