百事可乐汽水需求坚挺，季度营收超市场预期

Core Viewpoint - PepsiCo's fourth-quarter revenue exceeded market expectations, driven by strong international demand for its soda products and good performance of low-sugar beverages in the U.S. [1] Group 1: Financial Performance - PepsiCo reported fourth-quarter revenue of $29.34 billion, surpassing the market expectation of $28.97 billion [1] - The company's North American beverage business is undergoing a refresh, introducing prebiotic sodas and various low-sugar and zero-sugar beverage products [1] - The core North American food business experienced a sales decline of 1% year-over-year in the fourth quarter, an improvement from a 4% decline in the previous quarter [1] Group 2: Market Trends - The demand for localized flavor snacks and sodas in markets like India and Brazil continues to drive sales growth for the company [1] - Despite adjusting its product mix in the U.S. to meet changing consumer tastes, PepsiCo maintains its annual core earnings per share growth target of 5% to 7% announced in December [1] Group 3: Competitive Landscape - The company is shifting its operational focus towards lower-priced entry-level products and smaller package sizes, similar to strategies employed by other consumer goods companies like Procter & Gamble and Coca-Cola [1] - PepsiCo's international beverage business saw a year-over-year sales increase of 3%, while the overall beverage segment experienced a 1% increase in sales [2]