06:48 AM EDT, 07/17/2025 (MT Newswires) -- PepsiCo ( PEP ) reported fiscal Q2 core earnings Thursday of $2.12 per diluted share, down from $2.28 a year earlier.

Analysts polled by FactSet expected $2.03.

Revenue for the quarter ended June 14 was $22.73 billion, up from $22.50 billion a year earlier.

Analysts surveyed by FactSet expected $22.27 billion.

PepsiCo ( PEP ) said it now expects a 1.5% decline in fiscal 2025 core EPS, compared with a 3% decline projected previously.

The company said it continues to expect low-single-digit growth in fiscal 2025 organic revenue.

Shares of the company were up 1.7% in recent Thursday premarket activity.