PepsiCo, amidst national discussions about processed foods and weight-loss drugs, is adapting by offering healthier snack options. Despite a slight decline in Q4 revenue to $27.8 billion, net income rose to $1.5 billion. The Frito-Lay business saw a 3% drop in volumes for five consecutive quarters, attributed to inflation and a shift in consumer focus towards health and wellness. CEO Ramon Laguarta mentioned plans to offer snacks at various price points to cater to different budgets, aiming to respond to changing purchasing behaviors influenced by current economic pressures.
Executives at PepsiCo attributed part of the declining volumes in the category to inflationary pressure felt by some consumers.
We are offering the consumer multiple choices, Ramon Laguarta, the chief executive of PepsiCo, told Wall Street analysts and investors on a call early Tuesday.
PepsiCo is responding to health trends by offering healthier versions of snacks amid a national debate on highly processed foods.
Volumes for PepsiCo's Frito-Lay business have fallen for five consecutive quarters, reflecting changing consumer habits towards healthier options.
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