News Formal

PepsiCo earnings: Company cuts 2024 guidance as North America sales lag expectations

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 29 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 63%

Pepsico News

North America,Quaker Foods,Revenue Growth

A recall earlier this year, and consumers push back to higher prices dragged on PepsiCo's fiscal third quarter results.

) on Tuesday revised its 2024 sales outlook after its North America and international sales lagged Wall Street's expectations in the third quarter.

JP Morgan analyst Andrea Teixeira on Tuesday said she expects the stock to remain "negative to neutral." PepsiCo also reiterated expectations of at least an 8% jump in core constant currency earnings per share. Laguarta added that Pepsi's performance in the fiscal third quarter was impacted by "subdued category performance trends in North America," the impact ofAll three of PepsiCo's North America segments fell below expectations, including Frito-Lay, Quaker Foods, and PepsiCo Beverages, as it looks to combat consumer pushback of

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in AU

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gas well fire north of Calgary continues to burn: companyCOCHRANE, Alta. — An energy company says a natural gas well fire that injured five workers north of Calgary continues to burn a day later.
Source: SooToday - 🏆 8. / 85 Read more »

Gas well fire north of Calgary that sent five to hospital extinguished, company saysCOCHRANE, Alta. — A fire at a gas well north of Calgary that injured five workers earlier this week has been extinguished.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »