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PepsiCo Surges Despite Rising Gas Prices | San Antonio News
PepsiCo crushed Q2 earnings despite tighter wallets in North America, thanks to soaring gas prices crushing consumer spending. CEO Ramon Laguarta admits shoppers are feeling the squeeze harder than expected, especially at gas stations and convenience stores where impulse snack buys tanked. While price cuts last year helped boost sales, second-quarter snack volumes stayed flat and beverages dipped 4%. Overseas, though, snacks and drinks surged thanks to World Cup hype. PepsiCo’s pivot? Smaller packs, meal deals, and healthier options like Doritos Protein and Lower Sugar Gatorade. With net…
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