PepsiCo Cuts Revenue Forecast as Consumers Curb Spending on Snacks and Drinks

NEW YORK — PepsiCo has lowered its organic revenue forecast for the year, citing a slowdown in consumer spending on its snacks and drinks.

The company’s decision reflects the ongoing challenges facing consumer-facing businesses amid persistent inflation and concerns about a potential economic slowdown. The reduction in spending on non-essential items like snacks and beverages underscores the impact of these economic pressures on consumer behavior.

Key Takeaways:

• PepsiCo has reduced its organic revenue forecast for the year.
• The company attributes the slowdown to consumers cutting back on spending on snacks and drinks.
• The move highlights the impact of inflation and economic uncertainty on consumer spending patterns.