PepsiCo cuts profit forecast and plans more cost reductions as North American demand weakens

On October 8, 2026, PepsiCo, a major American food and beverage company, announced it would cut costs further after lowering its annual profit forecast. The company cited weak demand for snacks and beverages in North America and higher input costs. CEO Ramon Laguarta said additional cost reductions would fund investments to boost growth and offset inflation. PepsiCo now expects fiscal 2026 core earnings per share to rise only 1-2%, down from a previous 4-6% forecast. Organic revenue is expected to grow about 3%. Shares rose about 1% in premarket trading.