Financials & Economy

The announcement arrives as PepsiCo faces investor scrutiny, particularly from activist shareholder Elliott Investment Management, which holds a roughly US$4 billion stake.

Results underscore resilience in core categories amid premiumization trends, with a focus on Hostess synergy realization and portfolio optimization.

Despite the closure of the Olen factory, the company plans to continue its broader operational presence in Belgium.

The strategic transformation is part of a broader plan to streamline operations, reduce costs, and boost profitability.

The company attributed the improvement to a sustained lift in consumer flour sales, where revenue grew 4.4%.