Changes abound at PepsiCo, but don’t expect the reintroduction of Crystal Pepsi.
The soft drink and chip producer plans to cut prices and discontinue some of its products, the Associated Press reports.
The move comes from a deal with investor Elliott Investment Management, which took a $4 billion stake in the company in September.
The investor said it wants more strategic clarity during a time when PepsiCo is seeing decelerating growth and lower profitability.
Nearly 20% of its product catalog will be cut by early 2026. Discontinued products were not specified, nor were any price cut details.
PepsiCo plans on introducing new products with healthier ingredients like Doritos Protein.
