Quartz·1 min read·easy
PepsiCo cuts its full-year profit forecast to 2.5%-3.5% growth as North America drags
✦AI Summary
PepsiCo has lowered its full-year profit growth forecast to a range of 2.5% to 3.5%. The company cited weak performance in the North American market as the primary reason for the downward revision.
Why it matters
The revision signals potential consumer spending shifts or operational challenges within the major consumer goods sector.
The snacks and beverages company beat quarterly estimates but slashed its…
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