Overview
- PepsiCo will accelerate launches of simpler-ingredient offerings such as Doritos Protein and the Simply NKD Cheetos and Doritos lines.
- The company is conducting a North America supply-chain review after closing three plants and shuttering several manufacturing lines this year.
- Structural changes that include layoffs are planned, with employees in multiple offices told to work remotely as roles affected have not been disclosed.
- Elliott holds a roughly $4 billion stake, continues to engage without a board seat, and welcomed PepsiCo’s commitment to board refreshment.
- Management guided to 2%–4% organic revenue growth in fiscal 2026 and targets productivity savings and margin improvement beginning next year.