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PepsiCo Inc stood by its full-year forecast on Wednesday despite beating earnings expectations in the third quarter as it pours money back into its business.
Global soft-drink seller PepsiCo said that top-line sales were hurt in the second quarter by consumers in developed markets who are cutting out carbonated beverages from their daily budgets.
PepsiCo Inc. plans to cut the sodium found in each serving of its key brands by one-fourth in five years, the company announced Monday, as the industry deals with pressure from the government and health-conscious shoppers who want more options....
PepsiCo and Pepsi Bottling Group plan to invest $1 billion in Russia over three years to expand their manufacturing and distribution network in the country.
PepsiAmericas rejected PepsiCo's $1.7 billion cash-and-stock offer for the nearly 60% of the company it doesn't already own. The move follows a similar rebuff by Pepsi Bottling Group.