India, July 9 -- Snack and beverage giant PepsiCo, Inc. reported Thursday significantly higher profit for its second quarter mainly on sharply lower impairment charges, as well as increased net revenues and volume. Meanwhile, core operating margin declined from last year. Further, the firm maintained fiscal 2026 outlook for core earnings and sales growth.
In the early morning trading on Nasdaq, PepsiCo shares were losing around 4.41 percent, trading at $136.21.
Chairman and CEO, Ramon Laguarta, stated, "Looking ahead, we will continue to execute on our strategic priorities with a focus on accelerating top line growth - including the restaging of certain global brands, innovating with emerging, functional and permissible offerings and inve...