PepsiCo lowers revenue forecast on weakening demand in the US

PepsiCo has lowered its organic revenue forecast for the year after US consumers continued to buy fewer of its snacks and drinks (PepsiCo/PA)

PepsiCo has lowered its organic revenue forecast for the year after US consumers continued to buy fewer of its snacks and drinks.

The company, based in Purchase, New York, said on Tuesday it now expects its organic revenue -which is adjusted for foreign currency exchanges and the impact of product acquisitions or divestments – to increase in the low single-digit range for the year. It had expected an increase of 4%.