Rachel Ferdinando

Money Moves

As of May 2026: Overseeing snack price cuts and portfolio changes

For six years, major food companies raised prices relentlessly—snack prices climbed 38% between 2020 and mid-2024. Now they're cutting: PepsiCo announced cuts up to 15% on Lay's, Doritos, Cheetos, Tostitos this week, ahead of the Super Bowl, while General Mills has discounted roughly two-thirds of its North American products.

Updated May 26