PepsiCo announces ambitious plan to reduce sugar level in most drinks by 2025
Soft drink giant PepsiCo said on Monday that two-thirds of its drinks will contain 100 calories or less from added sugar per 12 oz serving by 2025. The company added that it will put more effort to...
View ArticleJapan’s Ajinomoto, PepsiCo bid for stake in Promasidor
Japanese firm Ajinomoto and PepsiCo are among companies vying for a stake in African dairy and drinks company Promasidor. The deal which could put a price of $1bn on Promasidor will give the buyer...
View ArticlePepsiCo’s Nooyi to join Trump’s Economic Advisory Team
PepsiCo’s CEO and Chairman Indra Nooyi is said to be joining U.S. Presedent-elect Donald Trump’s new Economic Advisory Team, less than a month after Trump supporters began threatening to boycott the...
View ArticleHealth industry accused of sabotaging efforts to reduce sugar content in...
Advocates of sugar-tax on sweetened beverages such as Carbonated Soft Drinks (CSDs) in Nigeria say that health organisations as well as medical and public health institutions have been enabling the...
View ArticleCoca-Cola sued in U.S. court for allegedly minimizing the health impact of...
Atlanta-based Coca-Cola and the American Beverage Association, a trade group, are being sued in a U.S. court for allegedly misleading consumers about the true health effects of sugary drinks. A...
View ArticlePepsiCo’s full-year results boosted by North American business unit
PepsiCo on Wednesday reported its fourth quarter and full-year results for 2016, with Q4 revenue rising 5% to $19.5bn, while full year sales came in flat. The soft drinks giant said that the positive...
View ArticlePepsiCo’s earnings boosted by higher prices, healthier drinks and snacks
PepsiCo received a strong boost in earnings as higher prices helped lift first quarter results. The company best known for its Pepsi cola brand said that revenue grew 2% to $12bn in the first three...
View ArticlePepsiCo sustains revenue, profit growth with price increases, healthier...
PepsiCo said on Tuesday that price increases implemented on its premium products in North America helped lift sales and profits in the second quarter. The soft drinks giant recorded a 2% growth in...
View ArticlePepsiCo names Ramon Laguarta President; makes other senior leadership...
PepsiCo on Thursday announced the appointment of Ramon Laguarta, a 20-year veteran of the beverage giant as President, filling the number-two position in the company and a slot that has been vacant...
View ArticleLagging sales in core brands crimp PepsiCo’s 3Q sales
Soft drinks giant PepsiCo said on Tuesday that a focus on healthier and low-calorie drinks may have hurt third quarter sales. The company’s CEO Indra Nooyi said that the company stocked shelf space...
View ArticlePepsiCo sees flat sales and earnings slump in full year as firm struggles...
PepsiCo reported a sharp drop in earnings for the full year 2017 by 23% to $4.9bn, blamed on a host of factors including sales decline in its North America Beverages business unit and Quaker Foods...
View ArticlePepsiCo reports strong start to year despite struggles with soda business
PepsiCo on Thursday reported its first quarter results for 2018, with revenue growing 4% to $12.6bn from $12bn in 2017. The growth was helped by a 3% sales rise in its Frito-Lay North American snacks...
View ArticlePepsiCo’s Q2 profit slumps on sluggish sales of trademark soda
PepsiCo on Tuesday reported a 2.4% revenue growth for the second quarter of 2018 to $16.09bn. However, the results did not mirror the performance of its North American Beverages unit, its largest...
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PepsiCo’s Nooyi to leave post
Indra Nooyi, the long-serving Chief executive Officer of Purchase, New York based PepsiCo is to step down from her post after 12 years. The 62-year old Nooyi, who has been with the company for 24...
View ArticlePepsiCo buys countertop seltzer-machine maker SodaStream for $3.2bn
New York-based PepsiCo Inc announced on Monday it has acquired Israeli-based SodaStream, a maker of counter top machines for making carbonated drinks from water filled in a reusable bottle and flavours...
View ArticlePepsiCo joins group to develop bio-degradable PET bottles
PepsiCo has joined the The NaturALL Bottle Alliance to develop beverage containers that are bio-degradable. The alliance is a research consortium formed by Danone, Nestlé Waters and bio-based materials...
View ArticlePepsiCo sees silver lining in Q3 despite being weighed by a strong dollar
PepsiCo said on Tuesday that third quarter profit grew 16% to $2.49bn showing signs of renewed consumer demand for its brands including its namesake cola and other beverages. While the firm’s Frito-Lay...
View ArticlePepsiCo finishes year higher amid rising costs
PepsiCo, the company behind such brands as 7Up, Pepsi Cola, Mountain Dew, Aquafina bottled water, among others reported a 2% revenue growth for the full year 2018 to $64.6bn. Fourth quarter sales was...
View ArticleFormer PepsiCo CEO Indra Nooyi appointed to Amazon board
Indra Nooyi, the erstwhile CEO of PepsiCo has been appointed to the Board of Directors of US online retailer Amazon.com. Nooyi who spent 24 years with PepsiCo, including 12 as the CEO stepped down in...
View ArticlePepsiCo hails a strong start to the year, thanks to boost from its snack...
PepsiCo Inc, on Wednesday reported sales growth of 2.5% for the first three months of the year to $12.9bn, thanks in part to strong revenue growth in its Frito-Lay North America snack business, which...
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