PepsiCo Lowers Sales Outlook Amid Sluggish U.S. Consumer Recovery

On Oct 8, PepsiCo ( PEP, Financial) reported its Q3 quarterly results for this year, showing a slower-thananticipated recovery of the U.S. consumer. The snack and beverage giant scaled back its full-year outlook for organic sales growth to a "low-single-digit" increase, down from the previously projected 4%. "The recovery of the consumer in the U.S., frankly, has been slower than we had anticipated," CFO Jamie Caulfield stated during a conference call with analysts. This sentiment echoes CEO Ramon Laguarta' ...