PepsiCo CEO Attributes Weak Consumer Spending and Sales Slump to High Gas Prices

PepsiCo's Q2 earnings revealed flat North American food volumes and a 4% decline in beverage sales, despite price cuts on popular snacks. CEO Ramon Laguarta attributed the weak performance primarily to high gas prices impacting consumer behavior.

By Hillary Remy Mon, July 13, 2026 at 8:17 PM GMT+3 5 min read · Yahoo Finance · July 13, 2026, 17:17 UTC

PepsiCo CEO Attributes Weak Consumer Spending and Sales Slump to High Gas Prices

Tickers: $CVX $PEP

Topics: consumer spending gas prices impulse buying retail sales

Read the full article at Yahoo Finance

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