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News  ›  Benzinga

PepsiCo To Drop 20% Of Products, Embrace Cleaner Ingredients And Aggressive Cost-Cuts In Major Elliott-Driven Revamp

Benzinga Logo Benzinga By Namrata Sen
PepsiCo To Drop 20% Of Products, Embrace Cleaner Ingredients And Aggressive Cost-Cuts In Major Elliott-Driven Revamp

PepsiCo plans to remove 20% of its U.S. product lineup, focus on cleaner-label products, and implement cost-cutting measures following activist investor Elliott Investment Management's recommendations.

Insights
FLYYQ   neutral

Undergoing Chapter 11 restructuring with pilot and staff agreements to improve financial position


PEP   neutral

The company is proactively restructuring its product portfolio and innovation strategy to improve growth and profitability, but the changes suggest current performance challenges