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Pepsi beats, but beverage sales in North America disappoint

PepsiCo beat on the top and bottom lines.North American beverage sales disappointed. Tuesday is CEO Indra Nooyi's last day atop the beverage and snack giant.Watch PepsiCo trade in real time...

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Pepsi shoots down rumors that it is considering cannabis following a report...

PepsiCo has no plans to enter into the cannabis business, the company said in a call with investors on Tuesday.Insiders have been buzzing about Pepsi's potential interest in CBD-infused beverages or...

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The White House is reportedly considering former Pepsi CEO Indra Nooyi to...

The White House is reportedly considering Indra Nooyi, the former CEO of PepsiCo, to become the next president of the World Bank, The New York Times reported on Tuesday.Nooyi, who stepped down from...

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PepsiCo is laying off corporate employees as the company commits to millions...

PepsiCo has kicked off a round of layoffs impacting employees in multiple offices, two people who were laid off by the company told Business Insider. The company announced in a quarterly earnings call...

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12 facts that show why bottled water is one of the biggest scams of the century

Nearly 780 million people worldwide do not have access to a source of clean water (water that flows through a household connection, borehole, well, or protected spring). In the US, 99.2% of the country...

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The $177 billion owner of Lay's chips sued small-time Indian farmers for...

PepsiCo, the owner of Lay's potato chips, sued a small group of Indian farmers for growing a potato variety it says belongs to it alone.The food and drink giant says it has had exclusive rights to the...

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Americans are ditching fizzy, sugary sodas more than ever before. Pepsi's...

Pepsi is navigating soda's image problem by diversifying its portfolio to products like Bubly and adopting a challenger mindset, according to its vice president of marketing, Todd Kaplan.Kaplan told...

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JetBlue is switching Coke for Pepsi on board its flights, and people have a...

JetBlue is going to replace Coca-Cola with Pepsi on its in-flight menu.The change was announced in an internal communication which was obtained by USA Today.Many travellers are not happy about the...

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LaCroix faces a crippling 'free fall' as it turns 'from bad, to worse, to...

LaCroix is "effectively in a free fall," with sales declining 9.4% over the past 12 weeks, according to the Guggenheim Securities analyst Laurent Grandet."The LaCroix brand has gone from bad, to worse,...

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$14 billion Okta adds a former PepsiCo exec to its board so its leadership...

On Monday, Okta added former PepsiCo and Procter & Gamble executive Robert L. Dixon, Jr. to its board of directors.Dixon says that since he has worked in consumer companies, he brings the "voice of...

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Eating insects will soon go mainstream as bug protein is set to explode into...

Edible insects are set to become an $8 billion business by 2030, according to a new report from Barclays.Eating bugs is becoming increasingly common as the global population swells and Gen Z seeks more...

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PepsiCo rises after beating Wall Street earnings forecasts (PEP)

PepsiCo rose as much as 1.6% ahead of trading Tuesday after outperforming analyst expectations.The food and beverage company's stock is up 20% so far this year, double the performance of its competitor...

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The 18 biggest failures in soda history, from New Coke to Orbitz

If you were around in the 1990s, you probably remember sodas like Crystal Pepsi or New Coke. But what about Orbitz or OK Soda?Not every soft drink can be a winner — and many aren't, due to bad...

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A top Frito-Lay exec lays out the biggest trends shaping the snacks industry...

Speaking at Groceryshop this past week, Mike Del Pozzo, the senior vice president of sales and chief customer officer at Frito-Lay North America, laid out the big consumer changes that are challenging...

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Pepsi is desperately trying to prevent Mountain Dew from becoming the latest...

PepsiCo is working to improve Mountain Dew sales, as customers ditch sugary sodas."Mountain Dew is improving, but it's not to the levels that we would like to see," CEO Ramon Laguarta said in a call...

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2 millennial women just won $100,000 to scale their vegan ice cream business....

Stacy's Rise Project awarded $100,000 in funding to Hannah Hong, cofounder of Hakuna Brands. Hong and her cofounder Mollie Cha became lactose intolerant in their early 20s and out of their love for...

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Rockstar Energy's extravagant billionaire founder Russ Weiner just sold his...

PepsiCo bought Rockstar Energy Beverages for $3.85 billion, the soft drink giant announced Wednesday.The deal brings the net worth of Rockstar's billionaire founder, who reportedly owned 85% of the...

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Frito-Lay stops making snacks at its California plant after several employees...

Frito-Lay shut down its factory in Modesto, California after several employees showed signs and symptoms of the coronavirus. The coronavirus is not known to to be spread through food or food packaging,...

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Pepsi CEO predicts a second wave of coronavirus cases, warning against...

PepsiCo is preparing for "ups and downs" as states and countries reopen in the coronavirus pandemic, with CEO Ramon Laguarta highlighting the potential for second waves of COVID-19 cases."The chances...

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Pepsi's CMO reveals how the company is shaking up its advertising, demanding...

Business Insider is launching a regular series where we talk to chief marketing officers about how they are confronting challenges from data-driven marketing to in-housing.For the first installment, we...

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