Reported about 5 hours ago
PepsiCo has revised its 2024 sales outlook downward due to weaker-than-expected North America and international sales in the third quarter, now anticipating low-single-digit organic revenue growth instead of the previously forecasted 4%. Despite a slight earnings beat and continuing efforts to invest in brand support, analysts predict the stock will react negatively to the news, particularly as all North America segments underperformed amid ongoing inflationary pressures.
Source: YAHOO