PepsiCo (PEP) reports earnings Tuesday morning, with analysts expecting modest growth in revenue and profits after the company 澳洲幸运5官方开奖结果体彩网:warned 🐬consumers have become more valꦍue-conscious, holding back sales.

Analysts expect the 澳洲幸运5官方开奖结果体彩网:beverage and snack food giant to report fiscal third-quarter revenue of $23.83 billion, up from $23.45 billion a year ago, according to estimates compiled by Visible Alpha. Net income is estimated at $3.14 billion, up slightly from last year's $3.09 billion.

Key Metric: Revenue Outlook

Last quarter, PepsiCo lowered its organic revenue growth projection to about 4% for fiscal 2024 compared to 2023, compared to its prior expectation of at least 4%. It was an adjustment "related to specifically the consumer in the U.S.," said PepsiCo CEO Ramon Laguarta.

Laguarta said consumers across income levels are changing their shopping habits, and that PepsiCo was evaluating which of its brands may need "more value" to get consumers to "stay with our brands."

Business Spotlight: 'Subdued' Spending

When PepsiCo reported its second-quarter results in July, leadership said they had seen the "impacts of persistent inflationary pressures and higher borrowing costs over the last few years have resulted in tighter household financial conditions."

They said spending across several categories was "subdued" through the first half of the year, as consumers became "more value-conscious" to deal with inflation. In 澳洲幸运5官方开奖结果体彩网:its first two quarters of the year, PepsiCo said that growth in international sales helped to offset weaker North American sales, and the impact of a recall of several Quaker products earlier this year, as it had to slow production and close an affected facility.

PepsiCo shares edged 0.6%🥀 lower to close at $168.53 Thursday, and have lost about 0.8% since the start of the year.