PepsiCo reported stronger-than-expected first-quarter results after cutting prices and introducing new snack products, according to the Associated Press.
The company said revenue rose 8.5% to $19.44 billion in the January to March period, beating analyst estimates compiled by FactSet. Net income increased 27% to $2.33 billion, while adjusted earnings per share also topped expectations.
PepsiCo logged higher profit and revenue in the first quarter, as steps the company has taken to turn around its snacks business are starting to bear fruit https://t.co/Yo3AyK4E7J
— The Wall Street Journal (@WSJ) April 16, 2026
PepsiCo reduced prices on several popular snack brands, including Lay’s, Doritos, and Cheetos, to attract consumers after years of price hikes. These cuts were accelerated following pressure from activist investor Elliott Investment Management.
PepsiCo also credited demand for newer offerings, including snacks with no artificial ingredients and products marketed with added fiber or protein, for boosting sales.
The company’s strategy reflects a shift toward value pricing and product innovation to regain market share. Shares were largely unchanged in early trading following the earnings announcement.
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