PepsiCo lowers revenue forecast on "subdued" sales in US, China and elsewhere

PepsiCo lowers full-year guidance on Q3 2024 results, North American business continues volume declines

PepsiCo’s North American snack and beverage businesses continue to slow down in its third quarter of 2024, as the company adjusts its forecast from 4% organic revenue growth for the year to low single digits amid continued pressures but beats Wall Street estimates for the quarter.

2024 - Consumers are more attentive to their spending, Pepsico lowers its annual sales target

(BFM Bourse) – The American group lowered its 2024 turnover target after revealing sales below expectations in the third quarter. Pepsico maintains its earnings per share forecast. The American group Pepsico announced contrasting results for the third quarter on Tuesday, doing slightly better than expected in terms of profit but less well in terms of its turnover, for which it lowered its forecasts for the year. “Our business continued to be res…

PepsiCo lowers annual revenue forecast, softer demand and geopolitical tensions weigh

PepsiCo cut its full-year organic revenue forecast on Tuesday after the company reported softer-than-expected sales figures and business disruptions from geopolitical tensions that impacted the company in the third quarter.The snack and beverage giant's 2024 organic revenue growth outlook changed from 4% to a "low-single-digit increase." It projected that international organic revenue growth would surpass that of North America for the year. The …

PepsiCo trims sales forecast as customers tighten purse strings on snacks, sodas

By Savyata Mishra (Reuters) -PepsiCo cut its forecast for annual sales growth on Tuesday as picky consumers in North America limit their spending on sodas and savory snacks, while opting for cheaper private-label brands. The company, whose brands include Mountain Dew, 7up and Lays, now expects organic sales to grow in a low single-digit range for fiscal 2024. It had previously forecast a 4% rise. "The cumulative impacts of inflationary pressure…

PepsiCo lowers revenue forecast on "subdued" sales in US, China and elsewhere

PepsiCo lowered its sales forecast for the year after consumers in the U.S., China and elsewhere pulled back on its snacks and drinks

PepsiCo Lowers Revenue Forecast as Sales Growth Weakens

PepsiCo lowered its organic revenue forecast for the year after U.S. consumers continued to pull back on buying its snacks and drinks.