Jim Cramer commented on PepsiCo's recent earnings, saying the company has turned from a market darling into an ugly duckling. He noted that management admitted inflation and gasoline prices caused domestic snack sales to fall, leading to a stock decline. Cramer believes only drastic pricing can reverse the domestic dive, suggesting PepsiCo cut prices significantly to gain market share, despite CEO Ramon Laguarta's subtle disagreement with the stock's action.
PepsiCo IncCramer says PepsiCo needs drastic price cuts to reverse domestic sales decline, implying margin pressure.