PepsiCo hikes prices on snacks and drinks
PepsiCo is increasing prices on some snacks and beverages, including Doritos, Ruffles, and SunChips, due to rising costs from fuel, aluminum, and agricultural supplies. This follows previous price cuts aimed at attracting customers, but recent costs have prompted a strategy shift. The company has also reported weaker-than-expected results in its North American beverage segment and plans to cut costs and reinvest in brands like Pepsi and Mountain Dew.
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