pepsi

Pepsi to Take $3.8 Billion Stake in Russian Company

PepsiCo (PEP) will buy a 66% stake in Russian food and beverage company Wimm-Bill-Dann Foods for $3.8 billion. The deal will make Pepsi the largest food and beverage company in Russia, the company said in a statement. It will also boost annual global revenues from "nutritious and functional foods" to almost $13 billion from around $10 billion today.

Frito-Lay Scraps Noisy SunChips Bag

Whisper it - Frito-Lay is about to say goodbye to its environmentally-friendly but very noisy SunChips bag. Eighteen months ago, Frito-Lay, a division of PepsiCo (PEP), made lots of noise about a biodegradable SunChips bag made from plant material.

Betty White Is Helping Pepsi Crash Super Bowl XLV

One year after sitting on the Super Bowl advertising sidelines, Pepsi is returning to the gridiron this year with its "Crash the Super Bowl" campaign. And it's bringing in the some serious star power to encourage consumers to create their own Super Bowl ads: screen legend Betty White.

Coca-Cola Buys Russian Juice Maker

In a move to gain a larger share of the beverage market outside of North America, Coca-Cola (KO) has bought Russian juice maker Nidan Juices, The Wall Street Journal reported Wednesday

PepsiCo Second Quarter EPS Slide 7% to $0.98

PepsiCo%u2019s (PEP) said second-quarter reported earnings per share fell 7% from a year earlier to 98 cents. Reported net income declined 3%. The company repurchased $2.6 billion of common stock in the second quarter, the company said in a statement. It also spent $739 million on dividends.

PepsiCo Earnings Preview: Soda, Snack Icon Keeps Growing

PepsiCo will announce its second-quarter numbers on Tuesday, and analysts expect earnings per share of $1.07 to $1.10, up from $1.02 a year earlier. If they're right, it will mark a continuation of the company's stable period of success. But PepsiCo's management is thinking bigger.

What Will This Week's Earnings Signal?

After the Dow's 261-point belly flop to end last week on what were, after all, better-than-expected bank earnings, investors may be forgiven for feeling rather queasy after checking out this week's earnings calendar, which includes 120 of the S&P 500.

Sonic Taps a New Marketing Chief as Sales Slow

Sonic fell short of earnings expectations for the third quarter as its drive-in restaurant model is starting to fray around the edges. However, it could taste new success if the new marketing chief, Danielle Vona, lives up to her record at PepsiCo.

PepsiCo Sees Strong Earnings Growth in 2010

PepsiCo reported solid earnings Thursday of $3.77 per share in 2009, and said it sees double-digit earnings growth in 2010, which suggests a strengthening global economy in the year ahead.

Coke Looks Abroad for Better Results

When Coca-Cola reports earnings tomorrow morning, investors will get a sense for whether consumers in India and China were able to help offset the company's slowdown in sales in the U.S., Europe and Japan. The company has clearly set its sights on expanding economies that are growing at a faster pace than developed countries.

Gatorade gets (another) makeover

Get ready for an even newer Gatorade. Following a tough year marked by plummeting sales and a highly public scandal surrounding one of its biggest...

Pepsi plans to buy bottlers

For years, Pepsi (PEP) has owned its brands but its bottlers made and distributed them around the country. It is an odd system that breaks two...