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PepsiCo 4Q net income falls; cuts outlook
PepsiCo Inc. lost some fizz Thursday, offering a weak outlook for the year as it saw tough competition, a challenging economy and higher ingredient costs ahead.The outlook disappointed investors and sent shares down.It comes as the company faces pressure to deliver improved results after spending nearly $11 billion on three acquisitions and making big investments in other strategies.The company also
PepsiCo Inc. lost some fizz Thursday, offering a weak outlook for the year as it saw tough competition, a challenging economy and higher ingredient costs ahead.The outlook disappointed investors and sent shares down.It comes as the company faces pressure to deliver improved results after spending nearly $11 billion on three acquisitions and making big investments in other strategies.The company also
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