Pepsi beats profit estimates on strength in North American snack and beverage units GlobeBusiness
PepsiCo has also bolstered its product portfolio to attract customers by acquiring companies such as Bare chips and launching Pepsi Zero Sugar, bubly sparkling water and Pure Leaf iced teas.These moves helped the company post a 2.15 per cent growth in sales in its North America beverages unit, while sales in its Frito-Lay snacks division rose 5.5 per cent.
Under chief executive officer Ramon Laguarta, who took over the top job less than six months ago, the company has laid out plans to spend more on advertising, boost its manufacturing capacities, improve its supply chain and focus more on healthy snacks and beverages. “We are equally pleased with the progress we are making on our ambitious agenda to invest to build capabilities, strengthen our brands, and add capacity to grow,” Laguarta said in a statement.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
North Vancouver RCMP seek owner of donated jacket with valuable item in pocket“I think you still miss me. Because you left something valuable behind, in one of my pockets.”
Read more »
Two men sought after pair of armed carjackings in North YorkPolice have released surveillance camera images of two men wanted after two women were attacked by knife-wielding suspects and one of them was carjacked in North York last Saturday evening.
Read more »
Teen charged after shots fired into vehicle at North York schoolCP24 NOW - Live and interactive, watch Toronto's Breaking News for the GTA, with CP24 Breakfast, Sports, Video, Traffic Times and Weather and more.
Read more »
UN extends experts monitoring North Korea sanctions
Read more »
BMO Field undergoes transformation into hybrid playing surface - Sportsnet.caBMO Field will join Green Bay's Lambeau Field -- the only other stadium in North American with SISGrass -- and London's Wembley Stadium among others with a hybrid surface.
Read more »
North Korea leader Kim Jong Un shuffles leadership in effort to boost economic developmentNew head of state and premier will represent Pyongyang at international meetings
Read more »