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Pepsi $PEP stock hit new 52 WEEK LOWS again today 🔴
PepsiCo CEO reveals customers are buying fewer snacks because of rising gas prices:
"I think the consumer is worse than what we had anticipated. And it's driven mainly by gas prices."
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PepsiCo, the parent company of Doritos, lost over $1 billion after raising the price of a bag of Doritos to $6-$7. People stopped buying them. They later lowered the price to recover some of the lost revenue, but sales are still down.
I love that for them.
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Pepsi tried to compete with Yoo-hoo by creating their own chocolate drink - and they lost big
This is Pepsi's modern version of the ad
Doritos maker PepsiCo to hike prices on small chip bags: report
