Market News / Story
PepsiCo's U.S. Snack Business Is Sending a Warning Sign
GuruFocus ·
GuruFocus reports: PepsiCo heads into its third-quarter report under growing pressure to prove its U.S. snacks turnaround is working, as weak Frito-Lay sales, market-share losses and softer margins weigh on the stock. The challenge is becoming more urgent after activist investor Elliott Investment Management built a roughly $4 billion stake and pushed for stronger execution. PepsiCo generates revenue from beverages and packaged foods, with major brands including Pepsi, Gatorade, Doritos,…