PepsiCo CEO Ramon Laguarta: We're working on making snacks more affordable and nutritional

Snacking Portfolio & Growth Strategy - The company acknowledges a slowdown in its snacking portfolio and is actively working to balance it with beverage performance [1] - Snacking is considered a significant growth opportunity, driven by on-the-go lifestyles and urbanization [2] - Inflation has impacted consumption, and the company is focused on recovering affordability for consumers [2] - The company aims to make snacks more affordable and improve their nutritional profile to align with consumer awareness [3][4] - The company is expanding product availability in various locations, including away-from-home and retail channels, to drive growth [4] Synergies & Category Participation - The company sees synergies between the food and beverage categories and intends to participate in both [5] US Operations & Tariff Impact - The company is primarily a US-focused entity with a substantial infrastructure, including 120,000 employees, 60 factories, and 500 depots [5][6] - While mainly US-based, the company imports ingredients and is vigilant about the impact of tariffs [7] - The company is mitigating tariff effects through cost reduction, sourcing changes, and revenue management [7] - Tariffs are a factor, but not a massive one, and the company aims to avoid penalizing consumers [8]