PepsiCo is focused "100%" on its strategy in energy drinks, CEO Ramon Laguarta said on the company's earnings call Thursday in response to a question about whether it wouldLaguarta indicated that hard seltzer is one of "a lot of opportunities in front of us," and that energy drinks offer more long-term potential while hard seltzer could be a shorter-lived trend.
Instead, PepsiCo is devoting its "100% focus" to its plan for energy drinks, he said in response when an analyst asked him whether PepsiCo would also break into hard seltzer. "Those four big pillars, that's taking a lot of our focus, and that's going to be our priority, especially in 2021," he said. Sales of energy drinks at PepsiCo grew at a "double-digit" rate during the third quarter, the company said Thursday. And while Molson and Coke have yet to launch Topo Chico hard seltzer,Laguarta likened hard seltzer to short-term beverage trends. "A couple of years ago, it was CBD, now it's more alcohol," Laguarta said. "So we get a lot of opportunities in front of us.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
TikTok employees describe life inside the company as its future hangs in the balance - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 'On Sunday, September 27, the US courts issued an injunction preventing the implementation of the Executive Order'
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »
Why Molson Coors thinks this hard seltzer can go national - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. NailGabz
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »
Hard seltzer market is big enough for multiple brands, says Molson Coors CEO'The key with our portfolio of brands is they're going to be very differentiated,' Molson Coors CEO Gavin Hattersley said on CNBC. It’s truly not! Can't wait to crush some of these!
Källa: CNBC - 🏆 12. / 72 Läs mer »
Shell will cut up to 9,000 jobs in low-carbon energy transition - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Yhu ha ah BHP loves the idea.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »
Shell CEO on why the oil giant is cutting up to 9,000 jobs - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »