Tag Archives: PepsiCo

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.

PepsiCo could be AB InBev’s next takeover target after SABMiller, says analyst

Susquehanna (SIG), a Wall Street investment advisory firm has said that PepsiCo could be Anheuser-Busch InBev (AB InBev) next acquisition.

AB InBev recently merged with SABMiller and the transaction is expected to close on Oct 10.

“Conventional wisdom, rightly or wrongly, has it that after digesting SABMiller, AB InBev will make a move for Coca-Cola as it expands beyond beer,” Susquehanna said.

Sugar tax threatens thousands of jobs, says South African beverage industry

South African beverage industry has come out to oppose the proposed sugar-tax on sweetened beverages in the country, which the government announced earlier in the year and that is expected to come into effect on April 1, 2017. The group said the tax will lead to thousands of industry-wide job loss if implemented.

South Africa mulls sugar tax on sweetened drinks; Makes details of proposal available for public comments

The South African Treasury made public on Friday details of a proposal to apply a 20% tax on sugary drinks to stem the tide of obesity and its effects on the population such as diabetes, high blood pressure, stroke and others.

According to Treasury data, 55% of South Africans (42% women and 13% men) are overweight.

Pepsico reports 1% profit rise in Q2 2016 amid currency headwinds

PepsiCo, the soft drink giant behind such brands as Pepsi, 7-Up, Mountain Dew, among others said on Thursday that revenue for the second quarter of 2016 declined 3.3% to $15.4bn, from $15.92 billion, weighed down by a stronger dollar, the de-consolidation of its Venezuelan operations and currency-driven headwinds in Latin America (32%), Europe and Sub-Saharan Africa (4%). PepsiCo said that its Asia, Middle East and North America (AMENA) division saw a 3% rise in revenue.

PepsiCo says focusing more on ‘guilt-free beverages’, less on carbonates

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PepsiCo, the giant soft drinks maker known for its Pepsi-cola brand, among others, said it “was aggressively moving towards products with fewer calories” in a bid to transform its product portfolio. It added that it was reducing reliance on carbonates and focusing more on what it calls ‘guilt-free’ beverages.

PepsiCo set to unveil new “Say it With Pepsi” Moji Campaign on products

PepsiCo, the giant soft drink company behind such iconic brands like Pepsi, Mountain Dew, Diet Pepsi and others is set to launch an emoji-clad packaging campaign in more than 100 countries this year, with the hopes that people will be encouraged to buy their drinks, as well as promote them on social media.

So far there has been no word yet from Seven-Up Bottling Company, the local PepsiCo affiliate in Nigeria, on whether the campaign would be coming to Nigeria.