business / news / / Los Angeles Times
PepsiCo announced it would slash prices by up to 15% on some salty snacks.
PepsiCo's Frito-Lay revenues turned negative in 2024 after 53 consecutive quarters of growth.
KEY POINTS
- 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
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