PepsiCo Strikes Deal With Elliott, Unveils 2026 Cost Cuts And Plant Closures
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PepsiCo Inc. has reached an agreement with Elliott Investment Management to enhance shareholder value through cost cuts, plant closures, and SKU rationalization. The plan includes job cuts and aims for organic revenue growth of 2-4% next year. By 2026, PepsiCo projects net revenue growth of 4-6% and core earnings per share increase of 5-7%. The company plans significant productivity savings and margin expansion through automation and digitalization.
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