Key Takeaways PEP detailed 2026 plans aiming for 46% net revenue growth and improved core operating margin.PepsiCo is cutting costs, trimming SKUs and boosting innovation across its snack and beverage lines.The company expects core EPS growth of 57% in 2026 and free cash flow conversion of at least 80%.PepsiCo, Inc. (PEP) looks well-poised for growth on strength in its core categories, diversified portfolio, improved digital capabilities and flexible go-to-market distribution systems. In the latest update, ...

PepsiCo plans to cut prices and eliminate some of its products under a deal with an activist investor announced Monday. The Purchase, New York-based company, which makes Cheetos, Tostitos and other Frito-Lay products as well as beverages, said it will cut nearly 20% of its product offerings by early next year. PepsiCo said it will use the savings to invest in marketing and improved value for consumers. It didn't disclose which products or how much it would cut prices. PepsiCo said it also plans to accele ...