From CNBC: 2024-10-08 07:44:52

PepsiCo lowers full-year revenue outlook after weaker-than-expected sales due to recalls and demand drop in the US and international markets. The company expects low-single-digit rise in organic revenue for 2024. Shares fell 1% in premarket trading. Earnings per share: $2.31 adjusted, revenue: $23.32 billion. Volume for snacks and drinks declined. Quaker Foods North America reported the steepest drop in volume due to recalls, but consequences are diminishing. Frito-Lay North America reported a 1.5% volume decline. North American beverage business volume fell 3%, but Gatorade and Pepsi saw revenue growth. Latin America and Africa, Middle East and South Asia markets also reported shrinking volume for food and drinks.



Read more at CNBC: PepsiCo (PEP) Q3 2024 earnings