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PepsiCo lowers full-year profit forecast as its North American business lags

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Coverage spectrum

Covered by 4 outlets across the spectrum.

7 articles in total, 2 of them opinion. The spectrum counts each outlet once and leaves opinion out. How we measure bias

PepsiCo lowered its full-year profit forecast on Thursday as its North American business continued to lag behind its international markets. According to CNBC, the company now expects core earnings per share to rise 2.5% to 3.5%, down from an earlier projection starting at 5%, and its third-quarter earnings and revenue beat analyst estimates. North American soft drink volumes fell 2% in the quarter, according to Business Insider and the New York Post, while Frito-Lay snack volumes were flat according to the New York Post. PepsiCo said it will raise prices on some chips and sodas later this year to offset rising costs. CEO Ramon Laguarta said the company does not feel good about its beverage business.

Headline and summary written by Mantle’s AI from the coverage below, under published rules. How this works

What happened

Key points

Each point shows who reports it, from Far Left to Far Right.

  1. PepsiCo lowered its full-year profit outlook, now projecting core earnings per share growth of 2.5% to 3.5%.

    Reported byLeft1Center1See the outletsHide the outlets
    Left
    Bloomberg
    Center
    CNBC

  2. PepsiCo’s third-quarter earnings and revenue beat analyst expectations, according to CNBC.

    One outletCNBC· Center

  3. PepsiCo’s North American business continues to lag, with higher costs weighing on margins.

    Reported byLeft1Center1Right1See the outletsHide the outlets
    Left
    Bloomberg
    Center
    CNBC
    Right
    New York Post

  4. North American soft drink volumes fell 2% in the third quarter, while Frito-Lay snack volumes were flat.

    Reported byLeft1Right1See the outletsHide the outlets
    Left
    Business Insider
    Right
    New York Post

  5. PepsiCo said it will raise prices on some Doritos, Ruffles, SunChips and soda brands by single-digit percentages later this year.

    Reported byLeft1Right1See the outletsHide the outlets
    Left
    Business Insider
    Right
    New York Post

  6. CEO Ramon Laguarta said the company does not feel good about its beverage business and does not expect consumers to improve soon.

    Reported byLeft1Right1See the outletsHide the outlets
    Left
    Business Insider
    Right
    New York Post

What is contested

Where accounts differ

Points the coverage does not agree on, and who says what.

  • How PepsiCo’s shares moved after the report.

    CNBC reports shares rallied 3% after the report and Barclays’ analyst cites a positive share-price reaction, while a Bloomberg Stock Movers segment says shares were lower. The segment’s timing may differ from the later reports.

  • Whether PepsiCo’s turnaround is on track.

    Jim Cramer says the company is not fully out of the woods but sees encouraging sales trends, Barclays’ analyst says the company’s acknowledgment that the status quo is not working is the day’s biggest surprise, and the New York Post says the turnaround is taking longer than hoped.

How each side tells it

Compare views

  • the left

    2 outlets

    Bloomberg’s headlines lead with the lowered outlook and higher North American costs, while Business Insider leads with consumers pulling back from buying soda.

    Pepsi says drinkers are pulling back and buying less of its namesake beverage
    Business InsiderLeftAll left-leaning headlines

  • the center

    1 outlet

    CNBC headlines pair the earnings beat with the cut in profit guidance, and one headline stresses the stock rally despite the cut.

    PepsiCo earnings top estimates, but company lowers full-year forecast
    CNBCCenterAll center headlines

  • the right

    1 outlet

    The New York Post headline frames the news as a reversal, with prices going up after an earlier effort to save consumers money.

    PepsiCo to hike prices on Doritos, sodas — pivot from recent effort to save consumers money
    New York PostRightAll right-leaning headlines

The words they chose

Language to notice

Words that carry a judgement beyond the facts. Tap a highlighted word anywhere on the page to see why.

  • Left0

    No loaded words in its own voice.

  • Center0

    No loaded words in its own voice.

  • Right1

    disappointing third quarter

In the outlets’ own words

  • Loaded modifier

    disappointing third quarterMore neutral: third quarter with weaker-than-expected North America results

    Calling the quarter disappointing is a judgement; the outlet’s own reporting shows weaker North American results but not a verdict on the whole quarter.

    PepsiCo said Thursday it’s raising prices on some chips and drinks after a disappointing third quarter — pivoting from a recent effort to save consumers money — due to soft soda…

    Used byNew York Post (Right)

See the full language guide

See for yourself

Side by side

What each side leads with and what it leaves out. Open a side to read its headlines.

From the left

2 outlets

Leads with

  • higher North American costs weighing on margins
  • falling soda volumes and cautious consumers
  • analyst view that the status quo is not working

Leaves out

  • that third-quarter earnings and revenue beat analyst estimates

Reported by other sides, not found in this side’s coverage.

See the 2 headlines from the leftHide the headlines

From the center

1 outlet

Leads with

  • third-quarter earnings and revenue beat estimates
  • shares rallying after the report
  • Jim Cramer’s cautious optimism about investments to revive demand

Leaves out

  • the 2% fall in North American soft drink volumes
  • the planned price increases on chips and sodas

Reported by other sides, not found in this side’s coverage.

See the headline from the centerHide the headlines

From the right

1 outlet

Leads with

  • planned price increases on Doritos and sodas
  • reversal from February price cuts
  • a disappointing third quarter and a turnaround taking longer than hoped

Leaves out

  • that third-quarter earnings and revenue beat analyst estimates

Reported by other sides, not found in this side’s coverage.

See the headline from the rightHide the headlines
  • New York PostRight

    PepsiCo to hike prices on Doritos, sodas — pivot from recent effort to save consumers money

    PepsiCo said Thursday it’s raising prices on some chips and drinks after a disappointing third quarter, including soft soda sales and struggles pulling off its turnaround plan.

    Read at New York Post (opens in a new tab)

Articles you open from here build My Mix, a private picture of how your reading spreads across the spectrum, kept on this device. What is My Mix?

The left is Far Left and Left together. The right is Right and Far Right together. Every outlet keeps its own five-point rating.

Who reported it when

How the coverage built up

  • Left

    3 hr 35 min later

    Its first report, Oct 8, 9:41 AM EDT

  • Center

    First to report

    CNBC, Oct 8, 6:06 AM EDT

  • Right

    9 hr 38 min later

    Its first report, Oct 8, 3:43 PM EDT

See the order the outlets reported inHide the order
  1. CNBCCenterOct 8, 6:06 AM EDT
  2. BloombergLeftOct 8, 9:41 AM EDT
  3. Business InsiderLeftOct 8, 11:24 AM EDT
  4. New York PostRightOct 8, 3:43 PM EDT

Times are the ones the outlets published in their own feeds, in Eastern time. Opinion is left out.

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