US snack and cola maker PepsiCo has booked a 21% decline in second-quarter net profit. In an earnings update today (25 July), the company said net profit totalled US$1.49bn in the 12 weeks to 16 June, down from $1.89bn in the previous ...
Tags: PepsiCo, Q2, second-quarter net profit, decline, earnings, net profit
Muller Quaker Dairy, the US joint venture between Muller and PepsiCo, has confirmed its plans to enter the dairy category in the country with the launch of a line of premium yoghurts. Announcing the move, the company claims its new line ...
Tags: Muller, PepsiCo, dairy category, premium yoghurts
PepsiCo's president John Compton has left the group after less than eight months in the role. Compton, who worked for PepsiCo for the last 30 years, will become CEO of Pilot Flying J Oil Corporation, which operates truck stops in his home ...
Tags: PepsiCo, John Compton, Pilot Flying, truck stops
PepsiCo has unveiled a new US$40m research and development centre in Shanghai today (13 November), its largest outside of the US. The food and beverage facility will be an Asia-Pacific hub for PepsiCo's new product, packaging and ...
Tags: PepsiCo, development centre, Asia-Pacific hub, innovation
PepsiCo’s division Tropicana has launched a newly-designed container for its Tropicana Pure Premium 100% pure Florida orange juice. The recyclable bottle is made from lightweight PET plastic and is ideal for any breakfast or brunch. ...
Tags: Tropicana, container, recyclable bottle
PepsiCo is aiming for the biggest launch the UK crisp category in ten years with the latest addition to its portfolio - Walkers Deep Ridged. The company's bold claim came as it announced it had developed a product it said "unlocks ...
Tags: PepsiCo, biggest launch, crisp category, latest addition
PepsiCo's Frito-Lay snacks division is to invest US$38m in the expansion of its distribution and manufacturing facility in Connecticut. The 370,000 sq ft plant in Killingly, which employs around 600 staff, will benefit from "innovative ...
Tags: PepsiCo's Frito-Lay, snacks division, expansion of distribution
US baking mix manufacturer Continental Mills has acquired Kretschmer wheat germ owner Sun Country Foods from private-equity firm Brynwood Partners. Continental Mills, which owns products including Krusteaz pancake mixes, said it wanted ...
Tags: Continental Mills, Kretschmer, acquisition, food industry
US food manufacturers including PepsiCo, Mondelez International and Hershey have closed offices and factories as Hurricane Sandy moves closer to the country's eastern seaboard. Nestle and Unilever have also confirmed some of their US ...
Tags: food manufacturers, Hurricane Sandy, close offices, close factories
Sabra Dipping Co., the dips venture run by PepsiCo and Israeli food group Strauss, is to set up an R&D facility in the US. The company is spending US$28m on a facility in Chesterfield County in Virginia. Strauss decided to run its US ...
Tags: PepsiCo, food group, food manufacturing, food industry
PepsiCo booked a 5% drop in third-quarter earnings today (17 October) as it increased its spending behind flagship brands. The company said earnings totalled US$1.9bn, or $1.21 per share, in the three months to 8 September, down from ...
Tags: PepsiCo, earnings, operating profit
PepsiCo has announced plans to open its sixth manufacturing plant in China, in a bid to drive its growth in the market. The facility in the province of Wuhan has the capacity to produce 15,000 tonnes of Lay's branded potato chips ...
Tags: manufacturing plant, Pepsico, Food Manufacturing, foods facility
PepsiCo has renamed its Quaker Quakes snack line, which is now called Quaker Popped. The company said that the product is a "wholesome" lowr-fat snack solution, containing 10-13 grams of wholegrain per serving. The new name "better ...
Tags: PepsiCo, snack line, snack, snack solution
Rice-A-Roni has launched single-serve, microwavable, flavored rice cups, which can be consumed as a snack or a meal on its own. The rice cups feature long grain rice, toasted vermicelli and other flavors. According to the company, ...
Tags: Rice A Roni, rice cup, food prodcut, food industry
Fourteen food industry heavyweights including Nestlé, Kellogg and Mars have pledged to use responsible advertising and marketing to children in Singapore. The Responsible Advertising to Children Pledge is the first of its kind in ...
Tags: Food giants, Food, food industry, food types