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PepsiCo also posted a surprise drop in third-quarter revenue, driven in part by a 13% slump in sales at Quaker Foods, which is still reeling from the impact of product recalls earlier this year.
During the chat, management said something that sparked fear in investors: In the current quarter, sales to PepsiCo (NASDAQ: PEP) are down $100 million to $120 million compared to last year.
Here's why Coca-Cola (NYSE: KO), PepsiCo (NASDAQ: PEP), and Procter & Gamble (NYSE: PG) are sitting on the sidelines but are three dividend stocks that could still be worth buying now.
Teem remains on sale today in Pakistan, Brazil, Uruguay, Honduras, Nepal, Nigeria, India, and South Africa; it survived into the 1990s in other markets, too, before Pepsi authorized vendors to replace it with rival brand 7up due to the sale of 7up International (excluding the US) to Pepsi by Philip Morris. Pepsi has a lemon lime soda monopoly ...
A can of Starry. Starry is a lemon-lime soft drink distributed by PepsiCo.Distribution began in January 2023. The brand is aimed at competing against Sprite and 7 Up.In January 2023, Starry replaced Sierra Mist as Pepsi's lemon-lime flavored drink, in part because Sierra Mist failed to gain market share in the growing category.
That rapid growth prompted PepsiCo to invest in Celsius in a deal that mirrored Coca-Cola's initial investment in Monster in 2015. Celsius' revenue surged 140% in 2021, 108% in 2022, and 102% to ...
Some of the Dr Pepper/Seven Up brands are still licensed to Pepsi, Coca-Cola, and independent bottlers in various regions of the United States and Canada. [citation needed] In November 2007, Cadbury Schweppes announced it would take the beverages unit public.