“PepsiCo (PEP) largest revenue is coming from its beverages. However, this space is highly volatile and competitive. PepsiCo (PEP) distribution into restaurants is not as large as Coca-Cola (KO). PepsiCo beverage portfolio includes IZZE, Aquafina, Gatorade, Tropicana, Pepsi, Mountain Dew, Muscle Milk, Propel, Rockstar, Bubly, and Naked Juice. Specifically, IZZE year-over-year mentions are up 44%. No sugar and no carbonation are what is popular within the drinks space. PepsiCo has taken an 8.5% stake into Celsius (CELH) fitness drinks which could be good for the company as it could position it for an acquisition,” says LikeFolio’s Andy Swan. Alex Coffey and Kevin Hincks weigh in on the popularity of Celsius Holdings (CELH).
Fast Market
11 Oct 2022
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