US Stocks Move: PepsiCo drops over 5% as Q2 organic revenue growth falls short of expectations, North American sales under pressure

Glonghui, July 9th — PepsiCo (PEP.US) fell more than 5%, closing at $135.34. According to reports, PepsiCo released its second quarter results for fiscal year 2026: net revenue increased by 6.4% year-on-year to $24.18 billion, exceeding market expectations of $23.95 billion; organic revenue (excluding the impact of acquisitions, divestitures, and currency fluctuations) increased by 2.4%, below analyst expectations; core earnings per share were $2.20, lower than the analyst consensus of $2.21. During the period, North America food organic revenue fell 2% year-on-year, and beverage sales declined 4%, as inflation led to tighter budgets for US consumers.