✉news BusinessBusiness first seen 7 d ago, last 6 d ago, peak #37
PepsiCo cuts earnings forecast as North American turnaround lags
Original: PepsiCo cuts earnings forecast as North American turnaround takes longer than expected
PepsiCo has lowered its earnings forecast, admitting that its turnaround of the North American business is taking longer than expected. The company has been working to revive sales in its home market, where demand for snacks and sodas has softened as consumers react to higher prices. The reduced outlook signals continued pressure on the food and beverage giant.
Why now: Investors and markets are reacting to PepsiCo's downward revision of its earnings outlook.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/1477450