PepsiCo Says 3 More Brands Hit $1B Mark
PURCHASE, N.Y. (AP) — PepsiCo Inc. is announcing two weeks before it reports its quarterly results that three more of its brands have surpassed $1 billion in annual revenue.
The nation's largest food and beverage maker said Thursday that Diet Mountain Dew, Brisk and Starbucks ready-to-drink beverages each hit this key measure.
PepsiCo sells Brisk and Starbucks through partnerships, respectively, with Unilever and Starbucks Corp.
PepsiCo now has 22 billion-dollar brands, double the number it had in 2000. The company says this demonstrates the company's focus on expanding its business.
PepsiCo is expected to report its fourth-quarter and full-year results in two weeks. The company has struggled with higher costs and slowing demand in the U.S. but offset that with higher prices and an increased focus on emerging markets.