PepsiCo posts surprise drop in quarterly revenue, cuts sales forecast - InvestingChannel

PepsiCo posts surprise drop in quarterly revenue, cuts sales forecast

(Reuters) – Pepsico posted a surprise drop in third-quarter revenue on Tuesday and cut its forecast for annual sales growth, as cautious consumer spending in North America weighs on demand for its sodas and Frito-Lay snacks.
Shares of the company fell about 1% in pr…
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