business / news / / The Independent
PepsiCo had leaned on price increases as the cost of packaging, ingredients and transportation rose.
PepsiCo revenue rose 8.5% to $19.44 billion, surpassing Wall Street expectations.
KEY POINTS
- 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.
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