PepsiCo Cuts Chip Prices After Losing Over $1 Billion in Revenue
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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.
shrinkflation and greedflation. or a combination with Cheapflation, although this is more common with hygiene/cleaning supplies products.
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$7 bag?!
for a small bag, even some at WF sells 7oz bags for way less.
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I notice all the brand name chips are $6-8 but the off brands and Walmart brands are like $2-3…
same for WF, used to be target, but they started enshittifying themselves a few years ago.
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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.
Yeah, I'd do 6ths, too.
So I really hate deep frying. What do you do with the leftover oil?
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Good?
Eat more cheaper fresh whole foods!
Or Great Value potato chips!
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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.
Translation: "YOY revenue is down and we fucked the consumer too hard, and this drop of lube in the form of coupons that steal your data didn't seem to make them enjoy it more. Let's try and recover shareholder value by dong the unthinkable....gulp lowering prices by a tiny bit"
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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.
Truth. Really. Don't eat garbage.
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Yeah, I'd do 6ths, too.
So I really hate deep frying. What do you do with the leftover oil?
Dunno who downvotes an honest question, but I got you back on the better side of zero.
Suffice to say most people will call me dirty, but I leave it as is most times. If I'm desperate and/or lazy and didn't want to go to the store for more and it's starting to taste funky, I ghetto clarify it with a 1:3 mix of cornstarch and milk respectively.
Start with one drop off water from your finger in the cold oil and when you hear it start to bubble, kill the heat and add one more drop off water. When you hear it popping once every half second or so add a small amount of the milk cornstarch mix and stir vigorously. Strain through first a course sift then a fine one. The proteins in the milk and cornstarch will bind with all the nastiness and make the particles big enough to be caught by the filters and give you almost brand new oil assuming you don't deep fry at 400+degrees.
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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.
It is a shit program that is poorly distributed and disproportionately benefits people that abuse it.
I’d rather my tax dollars go to food that is being “abused” than whatever the fuck else the government is spending money on.
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shrinkflation and greedflation. or a combination with Cheapflation, although this is more common with hygiene/cleaning supplies products.
wait what? I was with you til the cheapflation, fill me in, what gross thing don't I know yet?
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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.
Yup. Once the routine is broken it’s broken. Living life without some stuff is actually easy and they have lost a customer for life.
I’ve boycotted a few brands in the last 3/4 years, and I expected to miss them more. But in honestly I feel proud at my resolve and now I just think urghhh I don’t need that crap. If I feel an urge I’ll get a no brand. Used to visit maccas fortnightly. Lucky is it’s once a year. I’ve been buying Mexican or European cola…if I have to have it.
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The article doesn’t mention it, but at least here in Europe, one big issue is that they changed all their products to be tasteless.
Because of the ‘healthy foods’ grading we have here, they took out a lot of what made their chips tasty. Resulting in very bland products. We personally haven’t bought any of those brands for a few years now because of it. Because I don’t want a ‘healthy’ chip - I want a tasty snack.
It’s definitely noticeable in Dutch supermarkets that many people are ditching those brands because of the lack of taste. And the price increases just accelerate that.
Yeh. Feel that. I hate it. However it’s helped me stop and get over them.
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Hopefully now you'll get what you pay for: air.
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Can't even count to ten without kaks teist...
Wait, how do YOU count to ten because for me twelve comes a bit after ten lol
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Everybody is a commerce genius until things hit three comma losses.
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Everybody is a commerce genius until things hit three comma losses.
Tres comas babyyh (don’t mention the negative sign doe)
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