The changes in various consumer classes have resulted in Pepsi's sales falling short of expectations for the past two quarters, leading to a downward revision of its annual financial forecast

2024/10/10

PepsiCo has posted sales below expectations for two consecutive quarters, prompting it to revise its full-year organic revenue forecast downwards.

CEO Ramon Laguarta noted in the earnings report that the recall of Quaker Foods North America, a weak demand in the U.

S., and disruptions in some international markets impacted the company's quarterly performance.

PepsiCo now projects that organic revenue for 2024 will show low single-digit growth, down from the previously expected growth rate of 4%. The company reaffirmed its core earnings-per-share growth forecast of at least 8%.

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The changes in various consumer classes have resulted in Pepsi's sales falling short of expectations for the past two quarters, leading to a downward revision of its annual financial forecast

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In the earnings season for U.S. companies, focus is on five key areas

The U.S. economy is likely to achieve a soft landing, with three key indicators to monitor in the stock market over the next week. Institutions have suggested two strategies to engage in market trends

Loan demand is sluggish, leading to a decline in interest income for Wells Fargo in the third quarter, resulting in disappointing profits

Analysis of U.S. stock market outlook: Limited gains expected next year, experts believe market vitality will decline

If Trump or Kamala Harris achieves a major victory in November, how will the U.S. stock market react? UBS has analyzed six possible scenarios