✉news BusinessBusiness first seen 6 d ago, last 6 d ago, peak #2
PepsiCo to cut costs as weak North America business drags profit outlook
Original: PepsiCo to cut costs as weak N.America business hurts core profit forecast
PepsiCo has announced plans to cut costs after weak demand in North America led the company to lower its core profit forecast. The food and beverage giant is grappling with soft sales in its largest market, where consumers have grown more price-sensitive. Investors are watching how the cost-reduction program will offset the pressure on earnings.
Why now: PepsiCo's lowered profit outlook and cost-cutting plans signal trouble in a key market, making it a major business story.
Evidence
- PepsiCo to cut costs as weak N.America business hurts core profit forecast · Miami Herald
- PepsiCo to cut costs as weak N.America business hurts core profit forecast · Reuters
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