By PepsiCo has issued a lower-than-expected annual profit forecast, attributing the decline to weak demand for its soda and snack products. The company’s latest financial outlook highlights the challenges facing the consumer goods sector, including changing consumer preferences and economic pressures.
The beverage and snack giant reported a 4% drop in quarterly revenue, with soda sales declining by 6% and snack sales falling by 3%. “We are navigating a challenging environment, but we remain committed to delivering value to our shareholders,” said a PepsiCo spokesperson.
Analysts point to increased competition from healthier alternatives and a shift toward low-sugar and low-calorie options as key factors behind the decline. “PepsiCo needs to innovate and adapt to stay relevant in a rapidly changing market,” said a market analyst.