Jack Otter and the ‘Barron’s Roundtable’ panelists discuss the reasons that Pepsi’s stock is being affected.
PepsiCo says it is boosting the volume of some of its packages of chips, after being accused last year of “shrinkflation,” or reducing the size of products without lowering the price.
In the company’s earnings call last week, PepsiCo CEO Ramon Laguarta said the food and beverage giant would be offering bonus packs of Tostitos containing 20% more chips, and will also be throwing two or three more bags of Doritos into multipacks as a way to add value for consumers.
PepsiCo said it will be adding more volume to some chip bags to add value for consumers. (Jeffrey Greenberg/Universal Images Group via Getty Images / Getty Images)
The move comes after Pepsi reported a surprise drop in revenue in the third quarter and cut its annual forecast as consumers in North America…
