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PepsiCo misses Q4 revenue estimates
Financial Express Kochi
|February 05, 2025
PEPSICO FORECAST ANNUAL profit below expectations and missed quarterly revenue estimates on Tuesday, as the Doritos maker battles weakening demand for its sodas and snacks such as Lay's in the United States, its largest market.
Shares of PepsiCo fell 2.5% in early trading.
Americans are still paring back spending on soft drinks and salty treats to save their dollars for essential purchases, forcing PepsiCo to tap promotions for volume growth after several quarters of slowdown wrought by price hikes.
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