PepsiCo slashes earnings forecast due to higher tariffs and reduced consumer spending.

PepsiCo has reduced its full-year earnings forecast due to increased costs from tariffs and lower consumer spending. The company now expects core earnings per share to match last year's results, down from a previous projection of mid-single-digit growth. Factors include a 25% tariff on imported aluminum and changes in consumer tastes. PepsiCo's first-quarter net revenue fell 1.8% to $17.9 billion, with a 10% drop in net income to $1.8 billion. The company anticipates continued volatility and uncertainty for the rest of the year.