PepsiCo to cut prices, eliminate products as part of a deal with an activist investor

Good news, bad news: Major soda and snack company says it will lower prices, cut products in 2026

As the cost of everything from groceries to ski lift tickets seems to endure an endless skyward climb, some companies are looking to cut prices instead.

PepsiCo announces it will cut prices in 2026

PepsiCo, a major player in the food and beverage industry, announced plans to cut prices and reduce its product offerings by nearly 20% by early next year.

Pepsi axing snacks, sodas from its lineup— and slashing prices in cost-cutting marathon

PepsiCo said Tuesday it has agreed to slash 20% of its soda and snack lineup in the US, lower some prices -- and layoff an unspecified number of workers -- as part of a deal with activist investor Elliott Management.

Popular soda and snack maker says it’s lowering prices early next year

As consumers continue to look for ways to save money at the grocery store, global soda and snack maker PepsiCo says it plans to help with that early next year. In a 2026 financial outlook plan unveiled Monday, the company said it recognizes that it must also cut costs to ensure customers are able to afford the products they love.

PepsiCo to cut prices and 20% of products under a new deal

PepsiCo is making the changes after prodding from an activist investor that has a $4 billion stake in the company.

PepsiCo to cut prices, products amid pressure from activist investor

PepsiCo, the parent of Plano-based Frito-Lay North America, announced plans to reduce prices and cut some of its products as part of an early agreement with activist investor Elliott Investment Management. The agreement comes two months after Elliott began pushing the snack giant, which makes Doritos, Lays and Ruffles, to implement changes. Read on to learn more, including the possibility of layoffs.