FILE - Diet Pepsi Caffeine Free is displayed in a market in Pittsburgh on Jan. 26, 2023. PepsiCo reports earnings on Thursday, July 11, 2024. (AP Photo/Gene J. Puskar, File)
FILE - Plastic bottles of Pepsi are displayed at a grocery store in New York on Nov. 15, 2023. PepsiCo reported second quarter earnings results on Thursday, July 11, 2024. PepsiCo has leaned heavily into price increases over the past two years as its costs for ingredients and packaging rose. The fourth quarter of 2023 was the company’s eighth straight quarter of double-digit percentage price increases. (AP Photo/Ted Shaffrey, File)