PepsiCo will report its first-quarter results tomorrow (17 April). Here just-drinks takes a look at the group’s highs and lows in beverages for the three months to the end of March.
- In January, Nelson Peltz, the US billionaire and activist investor, halted his campaign to merge PepsiCo with snacks rival Mondelez International. He didn’t, however, drop efforts to persuade PepsiCo to split its drinks and snacks business, and PepsiCo was forced to send a letter to Peltz in February outlining its reasons for rejecting a spilt. In March, Peltz demanded PepsiCo show its proof that a separation would not improve the company’s performance.
- In January, PepsiCo unveiled plans to invest US$5bn in Mexico, including boosting production capacity for its beverage and food units.
- Analysts at Bernstein Research predicted that both PepsiCo and The Coca-Cola Co are likely to announce more cost-cutting measures this year, with CSD declines giving “greater leverage for management” to pursue the measures.
- PepsiCo said it will be the primary beverage supplier of mainland China’s first Disney resort when it opens in Shanghai next year.
- Figures last month showed that PepsiCo saw declines in diet soft drinks in the US. The drops follow fears over artificial sweeteners.
- PepsiCo confirmed to just-drinks last month it is poised to enter the home-carbonation arena through a partnership with Bevyz. It follows Coca-Cola’s entry into the home-carbonation segment, when it bought a stake in Green Mountain Coffee Roasters.
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