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Stock impact report

Doritos prices jumped 50% in four years and PepsiCo waited until it lost billions to do anything about it [Yahoo! Finance]

Coca-Cola Company (The) (KO) 
Last coca-cola company (the) earnings: 4/21 05:55 am Check Earnings Report
US:NYSE Investor Relations: coca-colacompany.com/investors
Company Research Source: Yahoo! Finance
The company is slashing prices to course correct, but its efforts may be too little too late. Ahead of the Super Bowl, Frito-Lay , a subsidiary of PepsiCo , started cutting prices on its portfolio of chips products like Lay's, Doritos, Cheetos, and Tostitos by 15% as consumers sought cheaper options. The quick pivot on chip prices comes after years of price increases that have cut the company's market value by $50 billion since its highs in 2023. “People shouldn't have to choose between great taste and staying within their budget,” said PepsiCo U.S. Foods CEO Rachel Ferdinando in a statement ahead of the price decrease. In the beverage business, Pepsi's products come in second to Coca-Cola , but thanks to the dominance of Frito-Lay, which owns nearly 60% of the U.S. salty snacks market , it has some pricing power that has helped make it PepsiCo's moneymaker. In 2024, Frito-Lay made up about 27% of the company's revenue. Yet this power combined with a pandemic-era push to accom Show less Read more
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