PepsiCo CEO on state of U.S. consumer: 'We're seeing Hispanics especially hurting'

Consumer Behavior & Economic Conditions - US middle class and low-income families are financially strained, leading to trade-downs and elimination of non-essential purchases [2] - Hispanic consumers are particularly affected, with changes in mobility, income, and behavior [2] Company Strategy & Innovation - The company focuses on providing consumers the right to be in their brands at affordable price points throughout the month [2] - The company is concerned about certain segments of the population but sees growth opportunities related to functionality, permissibility, and taste [3] - Investment and innovation are focused on these growth spaces to gain consumer preference [3] - The company is excited about 2026 [3][4]