India, July 17 -- Food and beverage giant PepsiCo, Inc. (PEP) reported Thursday a sharp drop in second-quarter profit, hurt by an impairment charge, despite slightly higher revenues. Further, the company maintained its fiscal 2025 outlook, expecting stable core earnings and organic growth.
In the pre-market activity on the Nasdaq, PepsiCo shares were gaining around 2.3 percent to trade at $138.40.
Chairman and CEO Ramon Laguarta said, "for fiscal 2025, we remain confident in our ability to deliver low-single-digit organic revenue growth with core constant currency EPS to be approximately even with the prior year. Our core USD EPS outlook has improved versus our previous expectations as foreign exchange headwinds have moderated, due to the...