Market News / Story
PepsiCo faces pressure to revive growth as US snacks struggle
Seeking Alpha ·
Seeking Alpha reports: PepsiCo is struggling to regain momentum in its core US snacks business, adding pressure to a turnaround plan launched after activist investor Elliott Investment Management took a roughly $4 billion stake in the company last year. The beverage and snacks maker has cut prices, increased marketing, expanded distribution, and introduced new products in an effort to revive its North American business. But sales at its US Frito-Lay operation have remained broadly flat,…