Pepsi plans to cut 20% of its products, reduce certain prices, and lay off employees in agreement with investor Elliott.
PepsiCo Cuts Product Line and Announces Layoffs On Tuesday, PepsiCo revealed plans to reduce its U.S. soda and snack offerings by 20%, change some prices, and lay off an undisclosed number of employees—a decision made in collaboration with activist investor Elliott Management. The renowned snack lineup includes Lay’s, Cheetos, Doritos, and Funyuns, alongside popular drinks […]
Gatorade and Cheetos are some of the Pepsi items being upgraded with natural dyes.
Pepsi is facing a fresh hurdle. It’s important to keep their colorful products appealing without the artificial dyes that many consumers have started to reject. This past April, PepsiCo—which also produces Doritos, Cap’n Crunch cereal, Funyuns, and Mountain Dew—announced an accelerated shift towards using natural colors in its food and beverages. The company estimates that […]
Costco stores start transitioning from Pepsi to Coca-Cola at their food courts.
Costco is in the process of switching from Pepsi to Coca-Cola beverages at its food courts, a change that began rolling out in early July. According to a statement from the Coca-Cola Company to Fox Business, all Costco locations are set to feature Coca-Cola products by this fall. This announcement comes amid President Donald Trump’s […]
Costco starts replacing Pepsi items in food courts.
Costco might be making changes that could affect the popular $1.50 hot dog and soda combo, much to the dismay of Pepsi enthusiasts. In January, CEO Ron Vachris announced that Costco would be transitioning the food court fountain business back to Coca-Cola, a change anticipated for this summer. Some users on Reddit, claiming to be […]
Pepsi to Cut Role of DEI Officer After Being Pressed on ‘Woke’ Policies
Pepsi has eliminated the main role of diversity, equity and inclusion (DEI) as President Donald Trump's administration. In a letter to employees, PepsiCo Chairman and CEO Ramon Ragualta said, “We are revising the DEI program as 2025 achieves the five-year strategy conclusion.” It has been reported Friday. He added, “A significant driver of business growth […]
Pepsi sued by FTC over exclusive discounts to Walmart
The Federal Trade Commission on Friday sued PepsiCo for offering preferential prices to a major retailer, a source familiar with the matter confirmed that the retailer was Walmart. This practice put other retailers, from major grocery chains to independent convenience stores, at a disadvantage and helped drive up consumer prices. the FTC said.. “PepsiCo strongly […]
Costco Is Switching From Pepsi To Coke In 2025
(Photo by Joe Radle/Getty Images) OAN Staff James Myers3:18pm – Friday, December 20, 2024 Big changes are coming to Costco's food court. advertisement Sources say Costco plans to replace Pepsi products in its soda fountains with Coca-Cola beverages starting in 2025. “After more than 10 years, Costco is reverting its in-store offerings from Pepsi to […]
AI ‘tongue’ can ‘taste’ the difference between Coke and Pepsi, Penn State researchers reveal
Could this be the ultimate taste testing device? scientist Created an electronic “tongue” They say they are using AI to tell the difference between Coke and Pepsi sodas, and that it has the potential to detect chemical compositions and differences in liquids that are beyond human ability. Penn State researchers used the device's unique sensors […]
Pepsi notes impact of geopolitical tensions, other factors on third-quarter; lowers revenue forecast
See what's being clicked on FoxBusiness.com. PepsiCo on Tuesday cut its full-year organic revenue forecast after the company reported lower-than-expected sales and business disruption due to geopolitical tensions that affected the third quarter. The snack and beverage giant's 2024 organic revenue growth outlook has been revised from 4% to a “low single-digit increase.” The report […]
Subway soda war forces owners to choose Pepsi over Coke or risk losing franchises
Many Subway franchisees are rebelling against the company's promotion of selling a footlong sub for $6.99 and risk losing business in a bitter skirmish over the company's change of soda supplier, The Washington Post has learned. Parent company Roark's, which bought the family-owned chain Subway in April, plans to switch its long-term agreement with Coca-Cola […]