PepsiCo faces investor scrutiny over turnaround plan
PepsiCo is cutting prices and reviewing its supply chain to reverse falling volumes. Investors await earnings data to see if these moves can offset rising costs.
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Seven months after activist investor Elliott Investment Management disclosed a $4 billion stake in PEPSICO INC, the beverage and snack giant is facing mounting pressure to prove its turnaround strategy is delivering the volume growth investors demand. The company has reported declining annual volumes since 2021, and its shares have trailed behind major competitors as consumers in the United States and other markets shift toward smaller packaging and healthier snack alternatives due to inflationary pressures.
