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Stock impact report

PepsiCo cuts products, lowers prices after pressure from activist investor [FOX Business Network]

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
PepsiCo said it is eliminating hundreds of products from shelves by early next year following discussions with an activist investor pushing the company to cut costs and streamline its product lineup. On Monday, the food giant, whose brands include Fritos, Gatorade, Doritos, Cheetos and Aquafina, said it is in the process of reducing nearly 20% of the SKUs (stock keeping units) that it sells in the U.S. by early 2026. It has already closed three manufacturing plants and shut some manufacturing lines this year. An SKU is a specific version of an item such as a different size, flavor or package type. However, it doesn't mean an entire product line. PepsiCo said it also plans to offer more affordable price options to stimulate growth and improve "the purchase frequency of our mainstream brands." It is also focusing on rapidly launching products that meet the needs of the consumer, such as products made without artificial colors and flavors and that include more protein, fiber and w Show less Read more
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