Global soft drink giant PepsiCo released its first quarter results for 2016 this week revealing that it is currently receiving less than 25% of its global sales from carbonated soft drinks.
PepsiCo’s Q1 2016 Earnings Call revealed that the makers of Pepsi, Gatorade, Mountain Dew and Naked juices now gets less than 25% of its global sales from soda, and just 12% from its Pepsi range. The PepsiCo decision to move away from its revenue reliance on carbonated soft drinks is a result of intensifying competition faced by…
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