PepsiCo

Business

Inflation Pressures Force PepsiCo to Revise Fiscal 2024 Sales Expectations

PepsiCo revised its sales growth forecast downward on Tuesday, citing a shift in consumer spending habits in North America as shoppers increasingly gravitate toward cheaper private-label brands over its savory snacks and sodas. The packaged food giant now anticipates a low single-digit increase in organic sales for fiscal 2024, a notable decrease from its previous estimate of a 4% rise.…