PepsiCo says ‘aggressively prioritizing faster organic revenue growth’

In prepared remarks for the Q3 earnings conference call, the company said, “As we look ahead, we expect our International business to remain resilient and perform well for the balance of this year. We also expect our North America business to deliver improved growth and profitability trends as we aggressively reduce costs, accelerate innovation and further sharpen our price pack architecture initiatives. In addition, we expect to mitigate the impact of higher supply chain costs, primarily related to the sourcing of certain global inputs and ingredients and related tariff impacts, moving forward. These higher costs represented a three-percentage point headwind to our core EPS during the third quarter. As a result, for fiscal 2025, we remain confident in our ability to deliver low-single-digit organic revenue growth and continue to expect our core constant currency EPS to be approximately even with the prior year. As we look beyond this year, we are aggressively prioritizing faster organic revenue growth and improving our core operating profit margin – focusing on a strong pipeline of innovation to accelerate portfolio transformation, sharpening our price pack architecture to provide good value to consumers, and right sizing our entire cost base to help fund these and other activities aimed at accelerating growth.”