# PepsiCo had leaned on price increases as the cost of packaging, ingredients and transportation rose.

*business · news · 2026-04-16 · The Independent*

## Key points

- PepsiCo revenue rose 8.5% to $19.44 billion, surpassing Wall Street expectations.
- PepsiCo accelerated price cuts on brands like Lay’s and Doritos under pressure from Elliott Investment Management.
- The company introduced new snacks such as Cheetos NKD and Doritos NKD with no artificial ingredients.
- PepsiCo's net income increased 27% to $2.33 billion in the first quarter.

**Companies:** PepsiCo
**Countries:** United States

[Read the full story on The Independent](https://www.independent.co.uk/us/money/pepsi-earnings-lower-prices-new-products-b2959057.html)

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