Key Takeaways PEP's PFNA faces uneven volume growth as pressured spending and value sensitivity hit traditional snacks.PEP expands in permissible snacks like Sun Chips, Simply and Stacy's, with Sun Chips reaching $700M in sales.PEP is refreshing Lay's and Tostitos and pairing innovation with promotions and cost cuts to stabilize PFNA.PepsiCo, Inc.’s (PEP) PFNA (PepsiCo Foods North America) continues to face a challenging operating environment as pressured consumer spending and shifting preferences weigh on ...