PepsiCo plans price cuts as demand for its drinks and snacks slips
✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source
PepsiCo is planning to cut prices for its snacks and possibly drinks due to slipping demand. The price cuts may be as high as 15% for some snacks, including Doritos and Cheetos. Reports on the extent of the price cuts and their impact on the company's earnings and product lineup vary, with some outlets suggesting the company may also eliminate a portion of its products.
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