Reported about 7 hours ago
PepsiCo reported a decline in U.S. demand for its snacks and beverages during the fourth quarter, attributing it to rising prices and a shift in consumer preferences towards healthier options. Revenue dipped to $27.78 billion, falling short of analyst expectations. The company has responded by implementing promotions and focusing on value brands, which have shown growth, while also adapting to trends favoring smaller, healthier snacks. Despite a 3% drop in sales volume for its key products in North America, PepsiCo is optimistic about potential recovery and plans to enhance productivity.
Source: YAHOO