PepsiCo has lowered its organic revenue forecast for the year due to decreased consumer demand for snacks and drinks, particularly in North America. The company now expects low single-digit revenue growth instead of the previously anticipated 4%. Factors contributing to this decline include a recall of Quaker Oats products and weak sales of Frito-Lay items. Third quarter revenue remained flat at $23.3 billion, below Wall Street expectations, while net income fell by 5%. PepsiCo plans to reduce prices on some products in response to consumer pushback against rising costs. Teljes cikk (Euronews.com)