The snacks and drinks maker revised its guidance lower for the metric today and expects a low single-digit increase in organic revenue compared to the “approximately” 4% forecast put forward at the second-quarter results stage in July. The July prediction in itself had already been downgraded from “at least” 4%.

PepsiCo cut its forecast for annual sales growth on Tuesday as picky consumers in North America limit their spending on sodas and savory snacks, while opting for cheaper private-label brands.

PepsiCo lowered its organic revenue forecast for the year after U.S. consumers continued to pull back on its snacks and drinks.