PepsiCo beats estimates with price cuts

The snack giant saw a 15% increase in sales following targeted price reductions ahead of the Super Bowl.

Executives noted that while demand for diet sodas remained resilient, the company is preparing for potential cost increases due to the Iran war.

PepsiCo is also investing heavily in AI to optimize its supply chain and marketing efforts.

Despite the positive results, the company warned that the global economic outlook remains uncertain, with rising energy costs posing a risk to future margins.