The beverage and snack maker plans selective price hikes on single-serve chip bags amid rising production costs.
PepsiCo will increase prices on certain smaller bags of chips by $0.10 to $0.20. The move targets single-serve products currently on retail shelves, reflecting higher input costs for the company.
The planned hikes follow a broader trend of food manufacturers adjusting prices to offset inflationary pressures. PepsiCo last raised prices across its portfolio in early 2023, citing supply chain and commodity cost increases.
Shares of PepsiCo showed minimal movement in after-hours trading following the report.