PepsiCo (PEP) Q4 2023 earnings


Pepsi bottles are seen at the grocery store in Las Vegas, United States on November 17, 2023.

Jakub Porzycki | Nurphoto | Getty Images

PepsiCo on Friday reported mixed quarterly results as North American demand for its food and drinks weakened.

CEO Ramon Laguarta said that U.S. sales broadly slowed down in the fourth quarter.

“Part of that is a slowdown due to pricing and [consumers’] disposable income situation,” he told investors on the company’s conference call.

He added that U.S. consumers are also shifting their behavior from eating and drinking at home to picking up more of their snacks and Gatorade from convenience stores. But Laguarta expressed optimism about the overall state of the…

Source cnbc.com

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