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 company also doubled-down on expectations for growth of "at le ...