New PepsiCo Inc. CEO Ramon Laguarta has made his first acquisition, purchasing the maker of sports and wellness products Muscle Milk from Hormel Foods Corp. for an undisclosed amount.
February 20, 2019Business, Logistics, Top 100
PepsiCo Buys Wellness-Focused Muscle Milk in New CEO’s First Move
Business, Logistics, Top 100
Pepsi Soothes Investors With Sales Growth, Plans for Payouts
PepsiCo Inc. rose in early trading as investors brushed off a lower profit forecast, instead focusing on sales growth in snacks and North American beverages and the company’s plans to return about $8 billion to shareholders this year.
February 15, 2019Business
Coke Shares Drop Most Since 2008
Coca-Cola Co. plunged the most intraday in more than 10 years on Feb. 14 after the company released a lackluster forecast for 2019 and highlighted upcoming obstacles such as currency pressures, geopolitical tensions and weakening consumer sentiment.
February 14, 2019Business
PepsiCo’s Beverage Business Bounces Back as New CEO Takes Over
Indra Nooyi is stepping aside amid signs of a turnaround in PepsiCo Inc.’s drinks business. The company’s struggling North American beverage unit returned to growth in the third quarter, helping the company beat earnings estimates as the longtime CEO hands the reins to deputy Ramon Laguarta on Oct. 3.
October 2, 2018Business, Fuel
Pepsi Heads Seven Fleets Competing in Run on Less Event
Seven fleets are participating in national Run On Less event hosted by the North American Council for Freight Efficiency and Carbon War Room, led by PepsiCo Inc., which ranks No. 1 on the Transport Topics Top 100 rankings of private carriers in North America.
June 21, 2017