Pepsi cuts profit forecast as tariffs push up supply chain costs

  • PepsiCo Inc (NASDAQEP, ETREP) has slashed its full-year profit outlook on higher expected supply chain costs stemming from tariffs, elevated macroeconomic volatility and a subdued consumer environment. Along with reporting its first quarter earnings, the company said it now expects constant currency earnings per share to be even with the previous year, down from its earlier forecast of mid-single-digit growth.