PepsiCo Cuts Chip Prices After Losing Over $1 Billion in Revenue
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The only thing keeping them afloat is pure market penetration- it's hard to not maintain volume when you're the only one on the shelf of every mini mart.
Heh penetration
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I like that someone downvoted you for that innocent question lmao
I assume it was an accident? Dunno for sure. Lemmy can be touchy at times.
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“We’ve spent the past year listening closely to consumers, and they’ve told us they’re feeling the strain,” said Rachel Ferdinando, CEO of PepsiCo Foods U.S. “Lowering the suggested retail price reflects our commitment to help reduce the pressure where we can. Because people shouldn’t have to choose between great taste and staying within their budget.”
What a fucking liar. They spent the last couple of years trying to find ANY other solution besides lowering prices, and now they are lowering them AFTER losing a billion bucks, and trying to frame it as trying to help their customers. No they aren't, the bleeding has gotten so bad that they are now in a blind panic.
I stopped buying their overpriced crap long ago. At Aldi, you can get a decent sized bag of the best kettle-cooked chips I've ever eaten for less than $2. A tiny bag of Lays, 20% of the size of an Aldi bag, is $3 or more. Pepsico can go fuck themselves with their predatory prices.
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So they just blatantly admitted their price are batshit crazy and they could just lower them at any point of time, right?
Yes, I know we all knew, but usually they're all about "increase costs" and other BS. So glad that for once they just said they could just lower the price. I guess they still have a comfortable margin there…
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I didn’t want to believe it but the SNAP cuts really seemed to have a positive effect on prices. SNAP should be a tax break, not literally money in peoples pockets.
Nah, UBI should be given to everybody. It would boost the economy and allow people to buy basic things without worrying about starving to death.
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“We’ve spent the past year listening closely to consumers, and they’ve told us they’re feeling the strain,” said Rachel Ferdinando, CEO of PepsiCo Foods U.S. “Lowering the suggested retail price reflects our commitment to help reduce the pressure where we can. Because people shouldn’t have to choose between great taste and staying within their budget.”
What a fucking liar. They spent the last couple of years trying to find ANY other solution besides lowering prices, and now they are lowering them AFTER losing a billion bucks, and trying to frame it as trying to help their customers. No they aren't, the bleeding has gotten so bad that they are now in a blind panic.
I stopped buying their overpriced crap long ago. At Aldi, you can get a decent sized bag of the best kettle-cooked chips I've ever eaten for less than $2. A tiny bag of Lays, 20% of the size of an Aldi bag, is $3 or more. Pepsico can go fuck themselves with their predatory prices.
As much as I will always have a purple shaped hole in my heart for the sweet chili flavor, I'm totally cool not ever eating them again. Every big company can suck my shriveled excuse for a phallice. I have seen that they will destroy anything and everything around them for a few extra hundredths of a percentage point in share prices.
Side note, homemade tortilla chips with a little sprinkle of a ranch seasoning packet+cayenne>>>Doritos cool ranch.
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Why are adults still eating this crap? It’s going to cost you $6 now (including price drop) and thousands+ more because of health issues it’ll create in the future.
Best thing inflation did was force me to learn how to bulk cook. I do take out and eat junk food a handful of times per year. My wallet is happy, and my bloodwork is looking good too.
I'm trying to lower my blood pressure, and cutting back on sodium isn't really a problem for me — cause I'm probably already under 2G a day (I rarely eat processed/junk food, and I only use the bare minimum of salt)
Now smoking, drinking, lack of exercise, and (unhealthy levels of) stress... that's what's killing me, literally. But at least my salt game is chill
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As much as I will always have a purple shaped hole in my heart for the sweet chili flavor, I'm totally cool not ever eating them again. Every big company can suck my shriveled excuse for a phallice. I have seen that they will destroy anything and everything around them for a few extra hundredths of a percentage point in share prices.
Side note, homemade tortilla chips with a little sprinkle of a ranch seasoning packet+cayenne>>>Doritos cool ranch.
Side note, homemade tortilla chips with a little sprinkle of a ranch seasoning
I like this idea, and I could think of a lot of interesting spice combos to use. I'm already partial to garlic and rosemary on fries in the air fryer, that would be great on tortilla chips.
Do you fry them, bake them, what? Will they work in the air fryer?
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Someone has never gone hungry or skipped a meal to feed a child....
I’ve been on snap before. I’ve also skipped many meals. It is a shit program that is poorly distributed and disproportionately benefits people that abuse it.
If it even helped one person than that’s great but all you sjw’s that want to defend the honor of SNAP is insane.
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You aren't wrong that putting money into the economy raises inflation. However, the inflation from SNAP disbursements is inconsequential compared to stuff like putting tariffs on everything or allowing corpos to raise prices out of pure greed. There's really no point in examining SNAP's effect on inflation when there are much more consequential concerns to focus on.
That’s absolutely true. Im not insinuating that snap was the reason inflation was high. However the cuts to snap absolutely had an affect on the prices of certain things. Soda and chips were the most obvious. I don’t have a problem with snap as an idea. However the way it’s implemented is stupid. Not to mention it does nothing the solve the issue. Instead of giving money to corporations (which is basically what snap does) the government should be forcing them to pay livable wages or be creating affordable housing so people don’t need to choose between food and rent.
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Side note, homemade tortilla chips with a little sprinkle of a ranch seasoning
I like this idea, and I could think of a lot of interesting spice combos to use. I'm already partial to garlic and rosemary on fries in the air fryer, that would be great on tortilla chips.
Do you fry them, bake them, what? Will they work in the air fryer?
Basic pot with corn oil. The tortillas themselves are incredibly cheap when you buy the packages, I cut them into sixths instead of quarters to feel fancy.
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Good?
Eat more cheaper fresh whole foods!
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Attempts to win back consumers through smaller package sizes and promotional deals went nowhere.
They tried to win consumers by shrinkflation? Oh fuck them.
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Like I'd ever willingly buy an American product.
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Why are adults still eating this crap? It’s going to cost you $6 now (including price drop) and thousands+ more because of health issues it’ll create in the future.
Best thing inflation did was force me to learn how to bulk cook. I do take out and eat junk food a handful of times per year. My wallet is happy, and my bloodwork is looking good too.
Why are adults still eating this crap?
Because it's a mix of sweet and salty, which scratches our instinctual desires.
Best thing inflation did was force me to learn how to bulk cook.
It has been a hobby and a passion for hundreds of millions of people going on 10,000 years.
Retvrn 2 Tradition
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As much as I will always have a purple shaped hole in my heart for the sweet chili flavor, I'm totally cool not ever eating them again. Every big company can suck my shriveled excuse for a phallice. I have seen that they will destroy anything and everything around them for a few extra hundredths of a percentage point in share prices.
Side note, homemade tortilla chips with a little sprinkle of a ranch seasoning packet+cayenne>>>Doritos cool ranch.
I'm never buying Lays chips again, I haven't for over a year now. Never going back, they never needed to raise their price that much, greedy greedy greedy. They took the corpo idea of 'never leaving money on the table' and thought they could gouge us. They thought of us as stupid 'cattle' that would cower to their decades old brand. Fuck brand loyalty. Same thing for McDonalds, I haven't been back there in over 4 years and I'm NEVER going back. NEVER.
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Until fairly recently, Utz wasn't available in a large part of the country.
It is now, though, thankfully.
And I know exactly what you mean. Utz chips are definitely better.
I do wish the crab flavor was more available outside of the Central Atlantic region.
Walmart has the Crab Chips in 1oz. vending bags, 60ct for about $17. Cheaper than buying from the Utz website. I've bought them for years, never got a short dated box or anything. Only thing I'll buy from Walmart.
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Why are adults still eating this crap?
Because it's a mix of sweet and salty, which scratches our instinctual desires.
Best thing inflation did was force me to learn how to bulk cook.
It has been a hobby and a passion for hundreds of millions of people going on 10,000 years.
Retvrn 2 Tradition
Because it’s a mix of sweet and salty, which scratches our instinctual desires.
And fat. Sweet, salty, carbs, fat. Ding, ding, ding!
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I'm never buying Lays chips again, I haven't for over a year now. Never going back, they never needed to raise their price that much, greedy greedy greedy. They took the corpo idea of 'never leaving money on the table' and thought they could gouge us. They thought of us as stupid 'cattle' that would cower to their decades old brand. Fuck brand loyalty. Same thing for McDonalds, I haven't been back there in over 4 years and I'm NEVER going back. NEVER.
Right there with you on McDonald's! I used to get a hot and spicy McChicken at least once every other week as a snack while running around. But after the staged bs with trump (not) serving all of 5 very obvious plants, they will not see another red cent from me!
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Using Extreme Ultraviolet lithography!
for each chip
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