PepsiCo Cuts Annual Profit Forecast Amid Trade War Turmoil
- PepsiCo PEP.O cut its annual core profit forecast on Thursday, as the soda and snacks giant grapples with the uncertainty fueled by President Donald Trump's erratic trade policy and disruptions to its supply chain.Shares of the Frito Lay maker fell 2% in premarket trading.The company now expects fiscal 2025 core earnings per share to decline 3%, compared with its previous forecast of a low-single-digit increase."As we look ahead, we expect more volatility and uncertainty, particularly related