date:Jul 25, 2013
world remains a volatile place and we may also choose to incrementally invest in additional long-term value-building initiatives, said Chief Financial Officer Hugh Johnston during a conference call after the results.
Johnston used the occasion to defend PepsiCo's current model of selling both snacks and drinks. In addition to co-marketing opportunities and added leverage with retailers, a broad portfolio serves as a hedge, he told CNBC television.
When it's hot, Gatorade sells, he said, addin