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PepsiCo sales jumped 8.5% in the first three months of the year to $19.4bn.
PepsiCo implemented price cuts up to 15% on Doritos, Lays, Tostitos, and Cheetos before the Super Bowl.
KEY POINTS
- These price reductions led to an 8.5% sales jump to $19.4bn in the first three months of the year.
- PepsiCo's operating profit increased by 25% to $3.2bn in the same period.
- PepsiCo is shifting focus to multipacks and single-serve portions as appetite-suppressing drugs change consumption habits.
COMPANIES
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