PepsiCo’s quarterly revenue drops for the first time in almost four years, while the company’s revenue top estimates
PepsiCo released mixed quarterly results on Friday, citing a decline in North American demand for its beverages and food products. According to CEO Ramon Laguarta, the fourth quarter saw a general decrease in US sales. In a conference call with investors, he said, “Part of that is a slowdown due to pricing and [consumers’] disposable…