PepsiCo (PEP) recently blew threw profit forecasts and beat by 9 cents a share, posting adjusted earnings of $1.61 a share on the back of a bunch of cost cuts across divisions.
And at $16.1 billion, net revenue was slightly ahead of consensus estimates.
Volume in PepsiCo's North American beverage business fell 2% from a year earlier, with the division's operating profit falling by 15% and Coke (KO) still a threat.
"To the casual investor, PepsiCo's (PEP) quarter was pretty straightforward. Earnings beat, sales were pressured, guidance reiterated. But looking at the cost cuts in Quaker Foods, it could be Pepsi's signal the division is being prepared to be put on the sales block."
But Pepsi is more than just soda. And in an effort to learn more about its new product 'Bubly' and the millennials' seltzer craze, we called in two of our favorites.
And let me know @tracybyrnes which is your favorite!