PepsiCo is focusing on its snack business after declining volume growth. In Q3, they slightly beat Wall Street’s low earnings estimates, but North America food revenue fell 3% with 4% fewer units sold. CEO Ramon Laguarta promises a major overhaul, including more closures and warehouse closures.

Activist investor Elliott Management has a $4 billion stake in PepsiCo, pushing for a turnaround in the snack business. RFK Jr.’s Make America Healthy Again initiatives also add pressure. PepsiCo plans to remove artificial flavors, use more avocado and olive oil, and focus on healthier snack brands like Simply and Siete Foods.

New pack sizes, a Doritos protein chip, and more fiber, whole grains, and protein offerings from brands like Quaker, Sun Chips, and Smartfood are in the works. PepsiCo is leaning into healthier options to address the snacking slowdown and investor demands for change.

Read more at Yahoo Finance: A major overhaul is underway