date:Jul 29, 2013
mpany and spinning off the beverage business.
But Mr. Johnston dismissed Mr. Peltzs concerns, saying PepsiCo feels the portfolio is in a terrific spot.
What you see happening is beverages is reinforcing snacks and snacks is reinforcing beverages, he said. We really do feel like the portfolio is working terrifically well, and that combined with the productivity initiatives is creating a lot of value for shareholders, and you saw that in Q2 results.
Those second-quarter results included a 35%