PepsiCo shared its money report for the second part of the year. The company grew in other countries, but people in North America bought fewer things.

百事公司公布了今年的第二季度財報。該公司在海外市場有所成長，但北美地區的消費者購買量減少了。

PepsiCo made $24.18 billion. This is more money than people expected. But the company's stock price went down by 5% because the company did not change its future goals.

百事公司營收為 241.8 億美元。這高於市場預期。但由於公司沒有調整未來的目標，導致股價下跌了 5%。

In North America, people bought 4% fewer drinks. Food sales did not grow. This happened because food and gas cost too much money. Now, people buy smaller bags of snacks or cheaper food. PepsiCo lowered prices by 15% to help people buy their snacks.

在北美地區，飲料銷量下降了 4%。食品銷售則沒有增長。這是因為食品和油價過高。現在消費者傾向購買小包裝的零食或較便宜的食物。百事公司將價格降低了 15%，以吸引消費者購買其零食。

Other countries like China, India, and Germany helped the company. More people bought products there. PepsiCo is also making new snacks with less sugar and more protein. This is because people want to be more healthy.

中國、印度和德國等其他國家為公司提供了助力。這些地區有更多人購買產品。百事公司也正在推出低糖、高蛋白的新款零食，因為消費者越來越注重健康。

PepsiCo is trying to grow in other countries and fix its problems in North America.

百事公司正努力在其他國家擴展，並解決在北美地區遇到的問題。

PepsiCo has released its financial results for the second quarter, showing a clear difference between strong growth in international markets and falling demand in North America.

百事公司公布了第二季財報，顯示國際市場強勁增長與北美市場需求下降之間有明顯對比。

The company's overall revenue grew by 6.4% to $24.18 billion, which was higher than analysts had predicted. However, the company's share price fell by about 5% after the announcement. This happened because PepsiCo kept its original yearly forecasts for revenue and earnings growth instead of increasing them, despite the strong revenue figures.

公司整體收入增長了 6.4%，達到 241.8 億美元，高於分析師的預期。然而，公布後公司股價下跌了約 5%。這是因為儘管收入數據強勁，但百事公司維持原定的年度收入與盈利增長預測，而未將其調高。

Challenges in the North American market are mainly caused by economic problems. Beverage sales fell by 4%, while food sales stayed the same. Management emphasized that this is because consumers have less spending power due to inflation and high fuel costs caused by political instability in Iran. Consequently, customers are choosing smaller packages and cheaper options. To keep its customers, PepsiCo has reduced prices by up to 15% on its main snack brands.

北美市場面臨的挑戰主要由經濟問題引起。飲料銷售額下跌了 4%，而食品銷售額則維持不變。管理層強調，這是因為伊朗政治不穩導致油價高漲，加上通貨膨脹，使得消費者的消費能力下降。因此，客戶傾向選擇較小包裝或較便宜的選項。為了留住客戶，百事公司將主要零食品牌的價格調低了最多 15%。

In contrast, international markets such as China, India, the U.K., Poland, and Germany helped the company by increasing organic revenue by 2.4%. To deal with changing health trends and the use of new weight-loss medications, PepsiCo is diversifying its products by introducing low-sugar and high-protein options. CFO Steve Schmitt stated that although production costs are expected to rise in late 2026, the company will offset these costs through better efficiency and tax refunds.

相反，中國、印度、英國、波蘭和德國等國際市場幫助公司將有機收入提升了 2.4%。為了應對健康趨勢改變以及新型減肥藥的使用，百事公司正透過推出低糖和高蛋白選項來實現產品多元化。財務長 Steve Schmitt 表示，雖然預計 2026 年底生產成本將上升，但公司將透過提升效率和稅務退還來抵銷這些成本。

PepsiCo is currently in a period of strategic change, trying to balance its international growth with a slow recovery in the North American market.

百事公司目前處於策略轉型期，嘗試在國際增長與北美市場緩慢復甦之間取得平衡。

PepsiCo has released its second-quarter financial results, revealing a contrast between robust international growth and diminishing demand within the North American market.

百事公司公布了第二季度的財務結果，顯示國際市場的強勁增長與北美市場需求下降形成對比。

The organization's fiscal performance was characterized by a revenue increase of 6.4% to $24.18 billion, surpassing analyst projections. However, equity valuation declined by approximately 5% following the announcement. This market reaction is attributed to the maintenance of existing full-year guidance—projecting organic revenue growth of 2% to 4% and core constant-currency earnings per share growth of 4% to 6%—rather than an upward revision, despite the revenue beat.

該組織的財務表現特徵為營收增加6.4%至241.8億美元，超越分析師預期。然而，公告後股價下跌約5%。市場反應歸因於公司維持現有的全年指引——預計有機營收增長2%至4%，且核心恆定匯率每股盈餘增長4%至6%——而非上調，儘管營收表現優於預期。

Domestic operational challenges are primarily linked to macroeconomic headwinds. The North American beverage sector experienced a 4% volume contraction, while food volumes remained stagnant. Management attributes this attrition to the erosion of consumer purchasing power, exacerbated by inflationary pressures and elevated fuel costs resulting from geopolitical instability involving Iran. Consequently, consumers have demonstrated a propensity for smaller packaging and lower-cost alternatives. In response, the company implemented price reductions of up to 15% on primary snack brands to incentivize consumer retention.

國內營運挑戰主要與宏觀經濟逆風相關。北美飲料部門銷量萎縮4%，而食品銷量則持平。管理層將此衰退歸因於消費者購買力下降，且受通膨壓力及伊朗地緣政治不穩定導致的燃料成本上升而加劇。因此，消費者表現出對小包裝及低成本替代品的偏好。作為回應，公司對主要零食品牌實施最高15%的降價，以激勵消費者留存。

Conversely, international markets, including China, India, the U.K., Poland, and Germany, provided a critical offset, driving a 2.4% increase in organic revenue. To mitigate long-term demand volatility and adapt to evolving health consciousness—partially influenced by the emergence of GLP-1 medications—PepsiCo is diversifying its portfolio. This strategic pivot includes the introduction of low-sugar and protein-enriched products. CFO Steve Schmitt indicated that while input costs are expected to rise in the latter half of fiscal 2026, these will be partially neutralized through productivity gains and tariff refund claims.

相反地，包括中國、印度、英國、波蘭和德國在內的國際市場提供了關鍵的抵銷，推動有機營收增長2.4%。為了緩解長期需求波動並適應演變中的健康意識（部分受GLP-1藥物出現影響），百事公司正在將其產品組合多元化。這一策略轉型包括推出低糖和高蛋白質產品。財務長Steve Schmitt指出，雖然2026財年下半年的投入成本預計將上升，但將透過生產力提升和關稅退稅申請部分抵銷。

PepsiCo remains in a state of strategic transition, balancing international expansion against a cautious recovery trajectory in North America.

百事公司仍處於策略轉型狀態，在國際擴張與北美謹慎的復甦軌跡之間取得平衡。