PepsiCo did not hit the expected revenues for the second quarter as competition from private-label brands, along with a series of price hikes, weighed on the brand's snacks and soda, primarily in the U.S., which is touted as the company's biggest market.
According to Reuters, analysts stated that the prices of products are already seeing some stability after almost two years of numerous increases. However, prices are still higher compared to pre-pandemic levels. This gives PepsiCo little room to increase its prices further as volumes decrease.
