PepsiCo cuts prices on snacks. It's not enough to drive growth in North America.

PepsiCo shares fell in early Thursday trading despite a fiscal Q2 profit and revenue beat versus expectations, as investors were disappointed by the lack of an increased full-year outlook. The beat without guidance lift suggests cautious demand/earnings visibility into the second half.

Analysis

PepsiCo shares fell in early Thursday trading despite a fiscal Q2 profit and revenue beat versus expectations, as investors were disappointed by the lack of an increased full-year outlook. The beat without guidance lift suggests cautious demand/earnings visibility into the second half.