© Reuters. FILE PHOTO: Bottles of Pepsi are pictured at a grocery store in Pasadena, California, U.S., July 11, 2017. REUTERS/Mario Anzuoni/File Photo
(Reuters) – PepsiCo (NASDAQ:) Inc on Thursday forecast annual profit below analysts’ estimates, signaling that multiple price hikes were beginning to dampen demand for its sodas and snacks amid a cost-of-living crisis.
The company said it expects fiscal 2023 core constant currency earnings of $7.20 per share, compared with estimates of $7.28, according to IBES data from Refinitiv.
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