A customer holds a can of Pepsi beverage at a shopping mall on March 9, 2022 in Shaoxing, Zhejiang Province of China.
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PepsiCo on Tuesday raised its revenue outlook for the year, as inflation pushed up prices and people paid more for its Doritos chips and Gatorade drinks
Expecting costs to rise even higher in the second half of the year, the global food and drink giant said it plans to keep shrinking product sizes and deploying other ways to manage rising expenses.
“We are facing inflation like everyone else, and we think that is going to persist for a while, but we are taking enough pricing to be able to manage the inflation, and our focus is really much more on how do we…