International Growth and Margin Expansion
International business is almost a $40 billion operation, accretive to PepsiCo, showing strong growth and margin expansion. Expected to continue as a major contributor to 2025 results.
Innovation and Category Growth in Snacks
Frito-Lay is refocusing on portion control, permissible offerings, and away-from-home opportunities. Encouraged by recent category growth, with plans to innovate through new platforms and price partitions.
Beverage Margin Improvement
Continuous improvement in North America beverage margins with a clear path towards mid-teens margin driven by better pricing and focused innovations.
Energy and Functional Beverages Strategy
Energy remains a core part of the beverage growth strategy, with a focus on functional hydration and protein beverages through Gatorade, Propel, and Muscle Milk.