Overview
- Lower suggested prices apply to core brands including Lay’s, Doritos and Cheetos across key U.S. products.
- Shoppers will see reduced prices promoted in stores this week ahead of the Super Bowl, though retailers set final shelf prices.
- The pricing shift is part of a turnaround shaped with Elliott Management that includes cutting about 20% of U.S. SKUs, plant closures and job reductions.
- PepsiCo posted quarterly revenue of $29.34 billion and core EPS of $2.26, slightly beating estimates, and kept full‑year EPS growth guidance of 5% to 7%.
- North America snack volumes declined 1% in the quarter as private-label rivals gained traction, prompting tests to boost purchase frequency and new products with simpler ingredients.