PepsiCo lowers organic revenue growth forecast to low single-digits due to US consumer demand decline.

PepsiCo has revised its organic revenue forecast for the year, now expecting only low single-digit growth instead of the previously anticipated 4%. This reduction is due to declining consumer demand for its snacks and beverages, particularly in the U.S. Factors influencing this demand include shifts in consumer preferences, economic conditions, and increased competition. The company aims to align its financial outlook with current market trends.

October 08, 2024
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