Demand for PepsiCo Snacks Wanes as US Consumers More ‘Value-Conscious’

The average price for a 16 ounce bag of potato chips has increased by 46 percent since 2020.

A woman grabs a bag of Doritos chips in a shop in Perth, Western Australia, on March 17, 2024. Susan Mortimer/The Epoch Times

Sales of PepsiCo snack products declined across North America in the second quarter, prompting the company to consider adjusting the prices of its offerings.

North American revenues from PepsiCo’s Frito-Lay snack brand posted a decline in Q2 this year, compared to the 14 percent growth in the same quarter last year, the company said in a July 11 report. PepsiCo blamed the situation on rising prices.