Frito-Lay is reportedly recalling 13-ounce bags of its Lay’s Classic Potato Chips due to fears that they “may contain undeclared milk” which can pose a “risk of a serious or life-threatening allergic reaction” to consumers, according to the Food and Drug Administration.
Read More Frito-Lay Recalls Lay’s Classic Chips, Citing Possible ‘Life Threatening’ Allergy Risk
Still-high food prices and borrowing costs have made cash-crunched customers more conscious of their spending on pricey items and look for cheaper products in stores and online.
Read More Target lowering prices on 5,000 items in bid to lure more shoppers
International business accounted for about 40% of PepsiCo’s fiscal 2023 revenue, while its North America businesses accounted for the remaining.
Read More PepsiCo’s results beat as international demand, higher prices drive growth