Feb 4 (Reuters) - Pepsico ( PEP ) forecast annual profit

below expectations and missed quarterly revenue estimates on

Tuesday, as the Frito-Lay maker faces weakening demand for its

sodas and snacks in the U.S., its largest market.

Americans are still paring back spending on sodas and salty

snacks to save their dollars for essentials, forcing PepsiCo ( PEP ) to

tap promotions for volume growth after several quarters of

slowdown wrought by price hikes.

The company expects a low-single digit increase for fiscal

2025 core earnings per share, compared with analysts' estimates

of a 4.73% rise to $8.53 per share, according to data compiled

by LSEG.

Its net revenue fell to $27.78 billion in the quarter from

$27.85 billion a year earlier, while analysts had estimated

$27.89 billion.