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Demand for PepsiCo snacks and drinks remained weak in North American during fourth quarter

PepsiCo’s revenue fell slightly in the fourth quarter as North American consumers continued to pull back on purchases of Frito-Lay snacks and drinks.

February 5, 2025
By DEE-ANN DURBIN
5 February 2025

PepsiCo’s revenue fell slightly in the fourth quarter as North American consumers continued to pull back on purchases of Frito-Lay snacks and drinks.

The Purchase, New York, company reported revenue of $27.78 billion for the October-December period Tuesday. That was short of Wall Street’s forecast of $27.89 billion, according to analysts polled by FactSet.

PepsiCo’s snack food and beverage volumes both climbed 1% globally in the fourth quarter, with strong growth in Africa and Asia. But snack food and beverage sales dropped 3% in North America.

Net income rose 17% to $1.5 billion. Adjusted for one-time items, PepsiCo earned $1.96. That was higher than the $1.94 analysts forecast.