date:Apr 21, 2014
lue Cherry, and Kickstart Black Cherry and Limeade to its beverage portfolio during the quarter.
PepsiCo, which ramped up its research and development investment by more than 25% since 2011, is reaping the benefits of differentiated innovation. In the quarter, products launched within the past three years contributed 8% of total net revenues. In 2013, 9 of the top 50 new food and beverage introductions across all measured U.S. retail channels were PepsiCo products, Ms. Nooyi said.
For the quar