# PepsiCo announced it would slash prices by up to 15% on some salty snacks.

*business · news · 2026-04-07 · Los Angeles Times*

## Key points

- PepsiCo's Frito-Lay revenues turned negative in 2024 after 53 consecutive quarters of growth.
- Walmart reduced Frito-Lay shelf space due to high prices, favoring its own and competitor brands.
- PepsiCo began cutting snack prices by up to 15% in early 2026 after internal review.
- Despite price cuts, rising oil and packaging costs from the Iran conflict threaten PepsiCo's margins.
- PepsiCo regained double-digit shelf space at major retailers by agreeing to lower prices.

**Companies:** PepsiCo Inc., Walmart Inc., Conagra Brands Inc., General Mills Inc.
**Countries:** United States

[Read the full story on Los Angeles Times](https://www.latimes.com/business/story/2026-04-07/how-7-bags-of-doritos-cost-pepsico-billions-in-sales)

---

Canonical: https://newsio.io/n/4e903428-9341-46d7-bef7-20099068e380/pepsico-announced-it-would-slash-prices-by-up-to-15-on-some-salty-snacks
Summarized by Newsio from Los Angeles Times. https://newsio.io/how-it-works