PepsiCo CEO addresses major customer concerns amid low sales
The food and beverage company is shifting gears as it faces lower customer demand.
Over the past few months, PepsiCo (PEP) , which owns popular food and drink brands such as Pepsi, Lay’s, Gatorade, Tostitos, Quaker, and more, has suffered from weaker consumer demand, which has negatively impacted its profits.
In PepsiCo’s first-quarter earnings report for 2025, it revealed that its net revenue declined by almost 2% year-over-year during the quarter. Specifically, PepsiCo foods in North America faced a 1% decrease in revenue, while volume for savory snacks shrunk by 4%.
