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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.
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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.
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.
Mountain Dew Amp is an energy drink distributed by PepsiCo under the Mountain Dew brand, originally launched in 2001. From 2007 to 2008, several additional flavors of Amp were introduced. In 2012, Amp's labeling and ingredients changed, as did the flavor and appeal, according to fans.
Let's see why the high-growth energy drink maker underperformed its top investor -- and if that trend will continue throughout the rest of the year. Rows of blue soda cans. Image source: Getty Images.
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.
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.