Pepsi sodas are displayed on shelves at a Walmart Supercenter on December 06, 2022 in Austin, Texas. PepsiCo, the maker of Pepsi soda, plans to cut hundreds of corporate jobs at its North American division according to a news report from The Wall Street Journal.
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PepsiCo on Thursday reported quarterly earnings and revenue that beat analysts’ expectations, fueled by higher prices for its snacks and drinks.
But the company saw volume fall 2% across its food business worldwide as those price hikes hurt consumer demand. Still, Pepsi plans to sharpen its “revenue management,” which typically means raising prices, based on projections that inflationary pressure will…