PepsiCo lowers revenue forecast on "subdued" US, China sales

PURCHASE, New York: PepsiCo has revised its sales forecast downward for the year, citing weaker demand in major markets like the U.S. and China.

The company, headquartered in Purchase, New York, now anticipates its organic revenue to rise in the low single digits, down from its previous projection of a four percent increase. Organic revenue excludes the effects of foreign exchange rates and acquisitions or dive