PepsiCo to slash prices on popular snacks after consumer backlash

PepsiCo said it will cut prices on its core brands by up to nearly 15% as soon as this week to address consumer backlash over recent price hikes.

The snacks that will see prices lowered include products under its Lay's, Doritos, Cheetos and Tostitos brands. It comes after the company received an influx of messages from upset consumers over the past year.

Food prices have remained elevated even as broader inflation has cooled...