PepsiCo profits up as charges fade but sales slip after price rises

PepsiCo has revealed a rise in fourth quarter profits but has wrestled with higher prices and how to pass those costs on (Wilfredo Lee/AP)

PepsiCo got a bump to fourth quarter profits thanks in part to lower charges and continued price rises, but higher prices have weakened consumer demand.

The food and drinks company said on Friday that it expects organic revenue growth of at least 4% this year. That is less than half the 9.5% growth that PepsiCo booked in 2023.