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PepsiCo announced it would lower prices by up to 15% on some salty snacks.
PepsiCo's Frito-Lay division missed internal revenue targets by over $1 billion for two years.
KEY POINTS
- Walmart reduced Frito-Lay shelf space, favoring its own brands and competitors due to high prices.
- PepsiCo began cutting snack prices by up to 15% in February 2025, focusing on larger bag sizes.
- PepsiCo regained double-digit shelf space at major retailers by agreeing to price cuts.
- Rising oil and packaging costs from the Iran conflict may offset the impact of these price reductions.
COMPANIES
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