PepsiCo Price Cuts and Product Changes: Mixed Reactions from Consumers
PepsiCo will cut nearly 20% of its product offerings and prices by early next year as part of a deal with activist investor Elliott Investment Management. The company aims to invest in marketing and improve value for consumers, while also accelerating the introduction of new offerings with simpler ingredients. These changes come after Elliott took a $4 billion stake in PepsiCo and cited concerns about strategic clarity and profitability. PepsiCo expects organic revenue to grow between 2% and 4% in 2026 and plans to review its supply chain, along with ongoing changes to its board.
John Q. Hosedrinker