Spindrift Is Exploring Strategic Options Including a Sale [BNN Bloomberg (Canada)]
PepsiCo, Inc. (PEP)
Last pepsico, inc. earnings: 4/28 06:03 am
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Source: BNN Bloomberg
The Newton, Massachusetts-based company is working with advisers to solicit interest from potential suitors, said the people, who asked not to be identified discussing confidential information. The company posts net sales of more than $300 million a year, one of the people said. Beverage companies — including giants like Pepsico Inc., Keurig Dr Pepper Inc. and Monster Beverage Corp. — are traditionally valued at a multiple of sales. A Spindrift representative didn't immediately respond to requests for comment. Spindrift, with VMG Partners, KarpReilly and Prolog Ventures among its investors, was founded by the company's chief executive officer, Bill Creelman. Spindrift competes against brands such as Waterloo Sparkling Water, Poppi and Olipop, which have received backing from Eurazeo SE, Cavu Consumer Partners and Monogram Capital Partners, respectively. Read More: Coca-Cola Said Among Suitors for Poppi Healthy Soda Brand ©2024 Bloomberg L.P.
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PEP
Earnings
- 4/24/24 - Miss
PEP
Sec Filings
- 4/23/24 - Form 10-Q
- 4/23/24 - Form 8-K
- 4/15/24 - Form PX14A6G
- PEP's page on the SEC website