PepsiCo's second quarter earnings results illustrated how Americans are cutting back on snacking amid inflationary pressures, sending the company's stock lower in Thursday's pre-market trading. The earnings release highlighted the impact of persistent inflation on consumer behavior, particularly in the snacking category. Yahoo Finance Senior Reporters Pras Subramanian and Brooke DiPalma discussed the results and the state of the US consumer with Monetary Matters Network co-founder Jack Farley.
PepsiCo IncUS consumers cutting back on snacking due to inflation, reducing demand for PepsiCo's products.