PepsiCo cuts Doritos prices by as much as 15% ahead of Super Bowl to boost demand [Los Angeles Times (CA)]
General Mills, Inc. (GIS)
Last general mills, inc. earnings: 3/18 07:00 am
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Source: Los Angeles Times
The New York-based snacks and beverage company said reductions on suggested retail prices for marquee items are rolling out this week ahead of Sunday's Super Bowl, while keeping sizes the same. “We've spent the past year listening closely to consumers, and they've told us they're feeling the strain,” Rachel Ferdinando, chief executive of PepsiCo Foods US, said in a statement. The company had said in December it planned to reduce prices on key brands. Shares of PepsiCo rose as much as 3.7% on Tuesday. The stock had gained 8.1% this year through Monday's close, outpacing the 1.9% increase in the S&P 500. PepsiCo has struggled to grow its sales in North America in recent years. The company, like many of its peers in the food space, raised prices during the pandemic and its aftermath to offset high inflation. Now those increases are colliding with a stretched consumer, weighing on demand. Other food companies, including General Mills Inc., have taken steps to lower prices recently.
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GIS
Earnings
- 12/17/25 - Beat
GIS
Sec Filings
- 1/29/26 - Form 4
- 1/29/26 - Form 3
- 1/27/26 - Form 8-K
- GIS's page on the SEC website