PepsiCo (PEP) Q1 FY25 earnings call

PepsiCo navigated Q1 FY25 with robust international growth and strategic advancements in its North American beverage segment, despite a challenging consumer environment impacting Frito-Lay North America. The company reiterated its full-year organic revenue growth guidance, underpinned by international momentum, while adjusting its earnings outlook to reflect new tariffs and macro uncertainties. Management emphasized ongoing investments in price-pack architecture, portfolio transformation, and operational excellence to drive long-term growth across its diverse portfolio.