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0.0026006636176127 0.0026006636176127 -0.00278001972917229 -0.00278001972917229 -0.000179356111559466 -0.00905748363375487 -0.00116581472513685 0.00538068334678499
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PepsiCo Leans on Snacks to Top Estimates as Beverages Fizzle [Bloomberg Business News]

PEPSICO (PEP)  More Company Research Source: Bloomberg Business News
Last pepsico earnings: 4/26 06:01 am Check Earnings Report
US:NYSE Investor Relations: pepsico.com/investors
PDF PepsiCo Inc. ’s snacks are having to pick up more of the slack for its ailing beverages. The company posted sales and earnings that topped analysts’ estimates last quarter, helped by an uptick in volume at its Frito-Lay business in North America. The snack growth helped offset continued declines at the Purchase, New York-based company’s drinks business. Still, a disappointing forecast suggests that PepsiCo has more struggles ahead. Indra Nooyi Photographer: Zach Gibson/Bloomberg The story is familiar : As sugar-wary consumers turn away from sweet beverages, the company has relied more on food to bolster results. The maker of Mountain Dew and Cheetos is also benefiting from cost cuts, with Chief Executive Officer Indra Nooyi pursuing at least $1 billion in annual savings. “We delivered these results in the midst of a dynamic retail environment and rapidly shifting consumer landscape,” Nooyi said in a statement. PepsiCo’s success with snac [Read more]

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