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  1. PepsiCo reported regional financial results, noting sluggish North American volumes offset by EMEA growth and 16% revenue growth in Latin America Foods.

PepsiCo is facing headwinds in North America, leading to a 2% drop in food sales and resulting in price cuts on brands like Lay's.

11 reports, 7 independent Updated Tue 00:00
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What happened

Well supportedReported by 7 independent outlets

PepsiCo is facing headwinds in North America, leading to a 2% drop in food sales and resulting in price cuts on brands like Lay's.

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How it developed

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  1. PepsiCo announces job cuts due to poor sales performance in North America.1 source
  2. CEO commented on beverage slowdown as consumer pullback affects snack sales in North America.1 source
  3. PepsiCo, led by Laguarta, responds to weak NA demand and announces a global media partnership.1 source
  4. NA food sales declined 2%, prompting PepsiCo to cut prices on brands like Lay's.1 source

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3 more outlets ran the same wire story