( ) -q-21- UNDATED (Correspondent Jeremy House) “at 23.3-billion dollars.” Pepsi has lowered its organic revenue forecast for the year after U.S. consumers continued to pull back on its snacks and drinks. [CutID: <Cuts> PEPSI-REVENUES-house-q-TUEam.mp3 Time: 21s Title: PEPSI-REVENUES-house-q-TUEam Out-cue: at 23.3-billion dollars] TAG: Correspondent Jeremy House reporting. Analysts polled by FactSet say Wall Street […]
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PepsiCo lowers revenue forecast as sales growth weakens
( ) -q-21- UNDATED (Correspondent Jeremy House) “at 23.3-billion dollars.”
Pepsi has lowered its organic revenue forecast for the year after U.S. consumers continued to pull back on its snacks and drinks.
[CutID: <Cuts> PEPSI-REVENUES-house-q-TUEam.mp3
Time: 21s
Title: PEPSI-REVENUES-house-q-TUEam
Out-cue: at 23.3-billion dollars]
TAG: Correspondent Jeremy House reporting. Analysts polled by FactSet say Wall Street had expected revenue of $23.8 billion.
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VERBATIM: The company says it now expects its organic revenue — which is adjusted for foreign currency exchanges and the impact of product acquisitions or divestments – to see a low single-digit increase for the year. It had expected an increase of 4%. Pepsi said its revenue was flat in the third quarter, at $23.3 billion.