Overview
- The company said it will remove nearly one‑fifth of U.S. products by early 2026 and pursue targeted price cuts to deliver sharper everyday value.
- Savings from SKU reductions and cost cuts will be redirected to advertising and consumer value to drive higher purchase frequency.
- The product strategy accelerates cleaner‑label launches, including Simply NKD Cheetos and Doritos with no artificial colors or flavors and a Doritos Protein line.
- PepsiCo guided to 2%–4% organic revenue growth in 2026, began a North America supply‑chain review, and signaled continued board refreshment without granting Elliott a seat.
- Workforce changes are expected after employees were told to work remotely this week, building on earlier closures of three U.S. plants and several manufacturing lines.