PepsiCo cuts annual core profit forecast as higher costs hurt margins
PepsiCo cut its annual core profit forecast on Thursday, as inflation-weary consumers pared spending on its snacks and beverages, particularly in North America, while higher input costs continued to pressure margins.
PepsiCo cut its annual core profit forecast on Thursday, as inflation-weary consumers pared spending on its snacks and beverages, particularly in North America, while higher input costs continued to pressure margins.
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