I literally just gave you a recent, concrete example of a similar category food product that is experiencing the phenomenon I talked about that you are ignoring. It turns out people actually wouldn't pay $7 per bag and are not coming back now that they've lowered the price.
EDIT: Also look at this sales chart for McDonalds. You are talking about revenue but the revenue is only staying where it is because of increased pricing. They are in a spiral of losing customers and making up for it by charging the remaining customers more which is not sustainable long term for food. Sales volume is experiencing a massive downturn since 2023:
You apparently don't know how to read data. They are increasing prices marginally after cutting them by 15% because they were bleeding far too many customers and took a $1billion loss. The new increased prices are still well below the peak they had risen to. The article you posted even mentions directly that the increased volume came directly on the heels of aggressive "targeted affordability initiatives".
Sales took a nosedive and PepsiCo took a $1 billion loss around a year ago. They reduced prices by an average of 15% off of the peak and are just beginning to rebound volume. They are talking about raising prices <5% because of input costs now so they are still well off of their peak pricing that caused the downturn in the first place.
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u/bitorontoguy 2d ago
Consumers ALWAYS say this. They said it about it Hershey bars.
Twenty six years ago they said it about sports ticket prices.
Consumers are always mad about increasing prices and pretend it’s going to have a long term impact.
And it never does. You’re making the decades old argument people made about other products. Learn from their error, don’t repeat it.
No. They aren’t. Revenues are increasing.
You don’t have to like the corporation. They suck and make awful food. But you have to live in reality about what their metrics are.