Tag Archives: PepsiCo

PepsiCo names Ramon Laguarta President; makes other senior leadership appointments

Pepsi_cola_can

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 since 2014 when the former president, Zein Abdalla left the firm.

In his new role, the 53-year old Laguarta will oversee PepsiCo’s global category groups; its global operations, corporate strategy, and public policy, and government affairs, as well as PepsiCo’s Foundation.

PepsiCo sustains revenue, profit growth with price increases, healthier drinks and snacks

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 revenue to $15.4bn in the second quarter, while net profit climbed 5% to $2.1bn. Half-year profit grew 17% to $3.4bn. It notes that “guilt-free” drinks which it describes as drinks with fewer than 70 calories such as diet sodas, and foods with lower levels of sodium and saturated fat like baked crisps which now account for about 45% of the its sales helped fuel higher revenue and profit.

PepsiCo’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 months of the year, while profits jumped 41% to $1.32bn, from $931m in the previous year.

The soda giant said that there was a strong demand for its healthier drinks and snacks and it also kept a lid on costs as selling and administrative expenses fell 5% from the previous year’s period.

PepsiCo’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 results in the fourth quarter and full year were helped by productivity gains and the impact of efficiency initiatives and lower raw material costs.

Coca-Cola sued in U.S. court for allegedly minimizing the health impact of sugary drinks

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 non-profit organization – The Praxis Project accused the beverage giant and the trade group of downplaying the risk of soft drinks on health in order to grow sales, despite evidence from the scientific community linking sugary drinks to obesity, diabetes and cardiovascular disease.

Health industry accused of sabotaging efforts to reduce sugar content in sweetened beverages

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 rise in new cases of diabetes and other non-communicable diseases (NCDs) in the country by accepting billions of naira in donations from soft drink manufacturers in the form of Social Responsibility donations.

PepsiCo’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 soda giant’s drinks following some comments she allegedly made at a conference after the U.S. election.

Trump’s transition team announced on Wednesday that Nooyi will be part of the incoming U.S. President’s Strategic and Policy Forum.

In a Dealbook conference held just after the U.S. elections, Nooyi was said to have commented:

Japan’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 access to the firm’s distribution network across Africa.

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 producing products with fewer or no calories.

PepsiCo’s CEO Indra Nooyi said, “Technology breakthroughs right now are resulting in better-tasting colas almost as good as the full-sugar colas, but with lower calories. So we’re now faced with [an] interesting opportunity to step the consumer down to lower sweetness levels.

PepsiCo’s Q3 profit rise despite revenue decline

PepsiCo, the soft drinks giant said on Thursday that third-quarter net profits rose 274% to $1.99bn, from $533m in the previous year. The maker of Mountain Dew, Pepsi, and Frito-lay among others said that 2015 results were weighed down by a $1.36bn Venezuelan impairment charge.