PepsiCo Trims Product Line, Says Goodbye to Favorites
Raleigh News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
PepsiCo to Trim Product Lineup, Discontinue Frito-Lay Snacks: Amid activist investor Elliott Investment Managements four billion dollar stake, PepsiCo plans to cut up to twenty percent of its product lineup in the US by early next year. The move aims to cut costs and boost marketing investments, potentially leading to the discontinuation of popular snacks like Cheetos puffs, Funyuns, Smartfood popcorn, Lays chips, and Tostitos dip. Despite these cuts, PepsiCos CEO remains optimistic about Frito-Lays volumes and margins growth this year.
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