PepsiCo beats revenue estimates, flags pressure from tighter consumer budgets

PepsiCo (PEP.O) beat Wall Street estimates for ​second-quarter revenue on Thursday, as the beverage giant ‌benefited from resilient demand for zero-sugar sodas in some of its key markets.

The company also kept its annual forecasts unchanged, but said tightening consumer budgets due to ​rising inflationary pressures had held back growth in ​North America....