PepsiCo Lowers Revenue Forecast Amid Declining U.S. Demand

The company reports a drop in third-quarter earnings and adjusts its full-year outlook due to weaker sales in North America and key international markets.

• PepsiCo's third-quarter revenue was $23.3 billion, falling short of Wall Street's expectation of $23.8 billion.
• The company's net income decreased by 5% to $2.9 billion, or $2.13 per share, missing the forecast of $2.28 per share.
• PepsiCo has revised its full-year organic revenue growth projection to low single digits, down from an anticipated 4%.
• Shares of PepsiCo experienced a 1% drop in premarket trading following the earnings announcement.
• Despite the earnings shortfall, PepsiCo announced a $1.2 billion acquisition of Siete Foods to bolster its portfolio.

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