PepsiCo lowered its full-year earnings expectations Thursday, citing increased costs from tariffs and a pullback in consumer spending.

PepsiCo said in February that years of double-digit price increases and changing consumer tastes had weakened demand for its snacks and drinks.

WASHINGTON — PepsiCo lowered its full-year earnings expectations Thursday, citing increased costs from tariffs and a pullback in consumer spending. The maker of Pepsi beverages and Frito-Lay snacks ...