PepsiCo, After Years of Price Hikes, Sounds an Alarm on Consumer Spending

PepsiCo, After Years of Price Hikes, Sounds an Alarm on Consumer Spending·The Wall Street Journal
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Inflation-weary shoppers are finally cutting back on potato chips. For the past few years as prices soared, many consumers kept buying affordable treats like Doritos and Lay’s in lieu of bigger-ticket splurges such as restaurants, concerts or travel. Sales volume for PepsiCo’s Frito-Lay North America business dropped 4% in the latest quarter, the company said.

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