Besides the soft drink Pepsi, the company manufactures, among other things, Gatorade drinks, Lipton tea, and Lay's chips.
Sales during the first quarter of the year decreased by 1.8 percent in annual terms to 17.9 billion dollars. Excluding currency effects and comparative items, sales increased by 1.2 percent.
The profit from core operations in the first quarter was 1.48 dollars per share, which was worse than the average forecast among analysts of 1.49 dollars per share.
Prior to the report, PepsiCo's share has fallen 6.4 percent since the turn of the year and continues to decline following Thursday's lowered full-year forecast.
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