Aims at Adding Production Non-carbonated Drinks PepsiCo on Monday said it will launc
Channel: Doubtnut
Date: 2020-05-09

Aims at Adding Production Non-carbonated Drinks PepsiCo on Monday said it will launch new healthier products next year and focus on growth in emerging markets, a continuation of the stategy that helped the world's no.`2` beverage company stay profitable ever as sales growth of its flagship soft drinks has slowed. PepsiCo's new CEO Indra Nooyi, who took the reins on October `1`, also said the company was on track to meet its annual target of volume and revenue growth in the mid-single digits and earnings per share growth in the low double digits. PepsiCo evolved from being known mostly for selling soda and  salty snacks into a `$33` billion food company that has embraced the push into healthier options like Tropicana juice, Aquafina water and whole grain Quacker Oats Cereals. The company said that moving forward, its capital expenditure as a percentage of sales would increase, and that most of the increased spending will go to expansion in developing and emerging markets and adding manufacturing capacity for Gatorade and other non-carbonated drinks.  What type of consumer products are produced by PepsiCo?