Pepsi blames global macro concerns for weak outlook; shares fall

The company said it expected organic sales growth of 3 percent this year, slower than the 3.6 percent in 2016. "I think our 3 percent revenue guidance reflects just a cautious outlook toward the macros globally, as well as a reflection of what is a more volatile world," Chief Financial Officer Hugh Johnston said on a call with analysts. Coca-Cola's CFO Kathy Waller told analysts last week that the company expected global environment this year to be roughly similar to that of 2016 with "continued