Oct 8 (Reuters) - Pepsico ( PEP ) posted a surprise drop

in third-quarter revenue and cut its forecast for annual organic

sales growth on Tuesday, as cautious consumer spending in North

America weighs on demand for its sodas and Frito-Lay snacks.

The packaged food giant expects fiscal 2024 organic sales to

grow in a low single-digit range. It had previously forecast a

4% rise.

Net revenue came in at $23.32 billion in the quarter ended

Sept. 7 from $23.45 billion last year.

Analysts estimated a 1.3% jump in revenue to $23.76 billion,

according to data compiled by LSEG.

(Reporting by Savyata Mishra in Bengaluru; Editing by Anil

D'Silva)