PepsiCo snack rebound stalls in second quarter
PepsiCo’s Doritos Chips. (Sergio Flores/Bloomberg) July 9, 2026 11:20 am, EDT key takeaways: PepsiCo said on July 9 that consumers pulled back work in the second quarter due to higher gas prices, slowing its North American snack turnaround. North American food revenues declined 2% and shares fell 5.5% despite price cuts of up to 15%.