PepsiCo Faces 8 Straight Quarters of Volume Declines, Stock Fell by 3%

PepsiCo ($PEP) is experiencing significant challenges as it reports eight consecutive quarters of global volume declines. CEO Ramon Laguarta highlighted that consumers across all income groups are becoming increasingly price-sensitive. Organic sales growth in North America was 1.9%, falling short of the 2.7% consensus, although margins showed improvement. This trend reflects broader consumer spending deterioration, with other consumer stocks like Delta Air Lines ($DAL) and Conagra Brands ($CAG) also facing similar issues. Analysts suggest that some consumer staple companies may be reaching their limits in raising prices while selling fewer units. PepsiCo's stock fell by 3%.