Latest news with #RamonLaguarta
Yahoo
5 days ago
- Business
- Yahoo
PepsiCo to shut manufacturing operations at US drinks plant
PepsiCo plans to shut down manufacturing, transport and maintenance operations at its Detroit site in the US. The decision, according to a letter sent by the company to the local mayor, affects over 80 employees. The closure will take place on 27 September. In a statement send to just drinks, PepsiCo's Beverages division in the US said: 'Our warehouse, fleet, delivery, sales and field service teams will continue to operate at this location. We are committed to supporting those impacted through this transition, and we are offering pay and benefits to impacted employees.' PepsiCo said it in its letter it had notified all affected employees on 21 July. Just Drinks asked the business to confirm which products the company produces at the Detroit site, and to explain the rationale behind the closure. PepsiCo's produces brands such as Gatorade, Mountain Dew, Lays and Quaker Oats in the US. Last week, the food and drinks giant said it was seeking to boost its productivity by 'integrating' its two-largest businesses in North America - snacks and drinks. The group's CEO Ramon Laguarta outlined the plans during its second quarter results presentation. He said the business expected to see 'sequential improvement' in revenue and market share through the rest of the 2025 financial year. 'One North America will modernise our company and improve our agility and marketplace competitiveness over time,' Laguarta said in his prepared remarks. Laguarta implied the integration will include PepsiCo's Frito-Lay North America reporting and operating division, along with PepsiCo Beverages North America (PBNA), each with revenues in 2024 of $24.8bn and $27.8bn, respectively. 'When it comes to the North America market, we have one new layer of opportunity that is going to give us a lot of opportunities to improve our cost structure over the next three, four years, which is the North America integration," Laguarta said. 'We have two large businesses, almost $30 billion each that have been operating almost a full value chain side by side. Now, with the investments we've made in technology, with the new data that we have in systems, we're going to start looking at those businesses in a more integrated way to perform some of the value chain tasks in an integrated way.' "PepsiCo to shut manufacturing operations at US drinks plant" was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
PepsiCo to shut manufacturing operations at US drinks plant
PepsiCo plans to shut down manufacturing, transport and maintenance operations at its Detroit site in the US. The decision, according to a letter sent by the company to the local mayor, affects over 80 employees. The closure will take place on 27 September. In a statement send to just drinks, PepsiCo's Beverages division in the US said: 'Our warehouse, fleet, delivery, sales and field service teams will continue to operate at this location. We are committed to supporting those impacted through this transition, and we are offering pay and benefits to impacted employees.' PepsiCo said it in its letter it had notified all affected employees on 21 July. Just Drinks asked the business to confirm which products the company produces at the Detroit site, and to explain the rationale behind the closure. PepsiCo's produces brands such as Gatorade, Mountain Dew, Lays and Quaker Oats in the US. Last week, the food and drinks giant said it was seeking to boost its productivity by 'integrating' its two-largest businesses in North America - snacks and drinks. The group's CEO Ramon Laguarta outlined the plans during its second quarter results presentation. He said the business expected to see 'sequential improvement' in revenue and market share through the rest of the 2025 financial year. 'One North America will modernise our company and improve our agility and marketplace competitiveness over time,' Laguarta said in his prepared remarks. Laguarta implied the integration will include PepsiCo's Frito-Lay North America reporting and operating division, along with PepsiCo Beverages North America (PBNA), each with revenues in 2024 of $24.8bn and $27.8bn, respectively. 'When it comes to the North America market, we have one new layer of opportunity that is going to give us a lot of opportunities to improve our cost structure over the next three, four years, which is the North America integration," Laguarta said. 'We have two large businesses, almost $30 billion each that have been operating almost a full value chain side by side. Now, with the investments we've made in technology, with the new data that we have in systems, we're going to start looking at those businesses in a more integrated way to perform some of the value chain tasks in an integrated way.' "PepsiCo to shut manufacturing operations at US drinks plant" was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
6 days ago
- Business
- Yahoo
PepsiCo struggles to reverse concerning customer behavior
PepsiCo struggles to reverse concerning customer behavior originally appeared on TheStreet. PepsiCo () , which owns popular food and drink brands such as Pepsi, Lay's, Gatorade, Quaker, Tostitos, and more, continues to suffer from a dramatic change in customer behavior, and it is making bold moves to address the problem. In PepsiCo's second-quarter earnings report for 2025, it revealed that U.S. revenue from its food brands declined by 2% year-over-year. Its convenient foods volume in the U.S. also dipped by 1%, while its beverages volume decreased by 2%. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰💵 Despite low sales, the company's net revenue increased by 1% year-over-year during the the earnings report, PepsiCo CEO Ramon Laguarta said the company is 'effectively navigating through a challenging environment.' PepsiCo announces major product changes to attract back customers The decrease in sales comes during a time when consumers are watching their spending as they battle inflation and higher costs of living. During an earnings call on July 11, Laguarta acknowledged that consumers have become more value-conscious and said that going forward, PepsiCo will address affordability with 'more precision.' Many Americans are also shifting more toward healthier food and beverage options as concerns over potential health risks associated with ingredients found in processed foods continue to erupt on social media, which is also impacting sales. Amid this challenge, PepsiCo is making a huge effort to attract health-conscious consumers, which it hopes will help fix its struggling sales. Part of this effort includes gradually removing artificial colors and artificial flavors from its food and beverages. 'We're following the consumer, and if the consumer is telling us that they prefer products that have sugar, and they prefer products that have natural ingredients, we will give the consumer products that have sugar and have natural ingredients,' said Laguarta during the part of this initiative, PepsiCo plans to soon 'introduce extensions of Cheetos and Doritos' that will contain no artificial colors or flavors. The company is also relaunching its Lay's and Tostitos brands to 'elevate' their healthy ingredients and remove artificial ingredients from their products, starting during the fourth quarter of this year and the first quarter of next year. In addition, PepsiCo is also decreasing its reliance on seed oils in its food products. These oils have recently faced scrutiny from consumers on social media for being overly processed and contributing to inflammation in the human body. 'We will expand the use of avocado or olive oil across certain brand platforms and enhance certain products with protein, fiber, and whole grains later this year and into next year within our Frito-Lay and Quaker portfolios,' said Laguarta and PepsiCo Chief Financial Officer Jamie Caulfield in prepared remarks. The company will also focus on providing smaller portions of its food products to consumers by increasing multipack, variety pack, and single-serve options. It also plans to join the growing protein trend, in which consumers are focused on implementing more protein into their diets to improve health and wellness. 'I think protein is clearly a sub-segmenting in our food and beverages categories that is growing fast, consumers are adopting protein solutions in the diets at a pace that was not the case a few months back, a few years back,' said Laguarta. 'So as we always do, we follow the consumer.' PepsiCo faces pressure from consumers and the government The increased focus on healthier food options comes after a survey by the International Food Information Council last year found that 79% of Americans consider whether a food product is processed when deciding to purchase it. Also, 63% of Americans avoid processed foods, while over half follow a vegan, vegetarian, or plant-based diet to be healthier. More Food + Dining: Papa Johns makes major menu change to win back customers Steak 'n Shake's beef tallow fries aren't as healthy as they appear Chick-fil-A angers customers with major change in stores Amid this trend, PepsiCo has acquired brands Siete Foods and Poppi, which both recently gained traction among consumers for their healthy ingredients. U.S. Secretary of Health and Human Services Robert F. Kennedy Jr. has also been pressuring food companies to remove processed ingredients from their products. Recently, he announced his goal to phase out synthetic dyes in food and beverages, which has prompted some food companies to alter their ingredients. 'For too long, some food producers have been feeding Americans petroleum-based chemicals without their knowledge or consent,' said Kennedy in an April press release. 'These poisonous compounds offer no nutritional benefit and pose real, measurable dangers to our children's health and development. That era is coming to an end.'PepsiCo struggles to reverse concerning customer behavior first appeared on TheStreet on Jul 19, 2025 This story was originally reported by TheStreet on Jul 19, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 days ago
- Business
- Yahoo
The protein boom is only beginning: Morning Brief
They're cramming it into everything now. It's in pancakes and pasta, chips and cereal. Plant-based or harvested from the farm, it's the macro(nutrient) of the moment. And slices of corporate America are not so subtly asking: Have you met your protein goal today? Protein Doritos sounds like the ideal mashup for the gym rat snack fiends of the world. But it's not as farfetched a product as you might think. Pepsi (PEP) plans to unveil new protein offerings for some of its Frito-Lay and Quaker brands, part of a broader shift to enhance their products and strip away artificial flavors and colors. (But what is a tasty Cheeto if not a brazenly synthetic delight?) Pepsi's intended relaunch and extension of popular brands is a reaction to a consumer base on the hunt for healthier, cleaner options. Executives across the food and beverage world see a potential crisis unfolding. As demand for legacy products wavers, companies are reaching for new lines (like fiber, prebiotics, hydration, energy, and protein) to support the core business. Sign up for the Yahoo Finance Morning Brief By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy "Protein is clearly a subsegment in our food and beverages categories that is growing fast," said PepsiCo CEO Ramon Laguarta on an earnings call last week. "Consumers are adopting protein solutions in the diet at a pace that was not the case a few months back, a few years back." Coca-Cola (KO), which reported on Tuesday, is undergoing its own notable evolution. Earlier this year, the company came out with a prebiotic soda brand, Simply Pop, an answer to the initial success of soda alternatives like Olipop and Poppi. Coca-Cola's Fairlife line of lactose-free, ultra-filtered milk and protein shakes (a fitness influencer staple) is touting double-digit volume growth. Coke CFO John Murphy told my colleague Brooke DiPalma that protein is another representation of consumers looking for products that help them in their daily lives, have fewer calories, or are perceived as healthier. Coca-Cola also confirmed it'll offer a Coke variant sweetened with US cane sugar this fall. A confluence of factors has amped up the recommendations and ability to up your protein intake. Strength training is having a moment, in a sort of vindication of gym bro fitness culture but also an expansion and reimagining of it. More young people, older people, and women are skipping (or supplementing) the treadmill and stationary bike and heading to the weight rack. Big, commercial gyms are swapping out cardio machines to make space for pumping iron. Planet Fitness (PLNT) announced plans at the start of the year to install new plate-loaded strength equipment — like bench presses and hack squats — into all of its more than 2,700 clubs by the end of 2025. Logically, protein follows to help realize the gains. Social media reflects and amplifies these trends. Popular influencers, like some of their Hollywood counterparts, are sporting more muscular physiques: wider backs, denser arms, and thicker legs. And they're touting the advantages of higher protein consumption as a method to change the way people look and feel. You have to eat more protein, they proclaim, to grow a dump truck. The opposite is true too: You generally need to actually train to put protein to work — and we may all be going overboard. Otherwise, you're just eating protein aspirationally. The explosion of GLP-1 weight-loss drugs from Eli Lilly (LLY) and Novo Nordisk (NVO) is another reason why consumers are seeing more protein-enriched foods on grocery aisles. As appetite-suppressed Ozempic and Wegovy users eat less and drop pounds, it isn't just body fat they're shedding. People in a calorie deficit generally lose fat and muscle, so healthcare providers advise patients to eat more protein to help preserve their muscle mass. And as a diet trend, the pro-protein movement is also just that, "pro" something, instead of the carb villainization of Atkins of the 2000s or low-fat of the 90s and before. For food and snack companies, it's an opportunity to capitalize on that turbocharged demand by providing something that's acceptable to eat, tackling health through consumption instead of austerity. So far, the market is gobbling it up. Hamza Shaban is a reporter for Yahoo Finance covering markets and the economy. Follow Hamza on X @hshaban. Click here for in-depth analysis of the latest stock market news and events moving stock prices
Yahoo
23-07-2025
- Business
- Yahoo
The protein boom is only beginning: Morning Brief
They're cramming it into everything now. It's in pancakes and pasta, chips and cereal. Plant-based or harvested from the farm, it's the macro(nutrient) of the moment. And slices of corporate America are not so subtly asking: Have you met your protein goal today? Protein Doritos sounds like the ideal mashup for the gym rat snack fiends of the world. But it's not as farfetched a product as you might think. Pepsi (PEP) plans to unveil new protein offerings for some of its Frito-Lay and Quaker brands, part of a broader shift to enhance their products and strip away artificial flavors and colors. (But what is a tasty Cheeto if not a brazenly synthetic delight?) Pepsi's intended relaunch and extension of popular brands is a reaction to a consumer base on the hunt for healthier, cleaner options. Executives across the food and beverage world see a potential crisis unfolding. As demand for legacy products wavers, companies are reaching for new lines (like fiber, prebiotics, hydration, energy, and protein) to support the core business. Sign up for the Yahoo Finance Morning Brief By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy "Protein is clearly a subsegment in our food and beverages categories that is growing fast," said PepsiCo CEO Ramon Laguarta on an earnings call last week. "Consumers are adopting protein solutions in the diet at a pace that was not the case a few months back, a few years back." Coca-Cola (KO), which reported on Tuesday, is undergoing its own notable evolution. Earlier this year, the company came out with a prebiotic soda brand, Simply Pop, an answer to the initial success of soda alternatives like Olipop and Poppi. Coca-Cola's Fairlife line of lactose-free, ultra-filtered milk and protein shakes (a fitness influencer staple) is touting double-digit volume growth. Coke CFO John Murphy told my colleague Brooke DiPalma that protein is another representation of consumers looking for products that help them in their daily lives, have fewer calories, or are perceived as healthier. Coca-Cola also confirmed it'll offer a Coke variant sweetened with US cane sugar this fall. A confluence of factors has amped up the recommendations and ability to up your protein intake. Strength training is having a moment, in a sort of vindication of gym bro fitness culture but also an expansion and reimagining of it. More young people, older people, and women are skipping (or supplementing) the treadmill and stationary bike and heading to the weight rack. Big, commercial gyms are swapping out cardio machines to make space for pumping iron. Planet Fitness (PLNT) announced plans at the start of the year to install new plate-loaded strength equipment — like bench presses and hack squats — into all of its more than 2,700 clubs by the end of 2025. Logically, protein follows to help realize the gains. Social media reflects and amplifies these trends. Popular influencers, like some of their Hollywood counterparts, are sporting more muscular physiques: wider backs, denser arms, and thicker legs. And they're touting the advantages of higher protein consumption as a method to change the way people look and feel. You have to eat more protein, they proclaim, to grow a dump truck. The opposite is true too: You generally need to actually train to put protein to work — and we may all be going overboard. Otherwise, you're just eating protein aspirationally. The explosion of GLP-1 weight-loss drugs from Eli Lilly (LLY) and Novo Nordisk (NVO) is another reason why consumers are seeing more protein-enriched foods on grocery aisles. As appetite-suppressed Ozempic and Wegovy users eat less and drop pounds, it isn't just body fat they're shedding. People in a calorie deficit generally lose fat and muscle, so healthcare providers advise patients to eat more protein to help preserve their muscle mass. And as a diet trend, the pro-protein movement is also just that, "pro" something, instead of the carb villainization of Atkins of the 2000s or low-fat of the 90s and before. For food and snack companies, it's an opportunity to capitalize on that turbocharged demand by providing something that's acceptable to eat, tackling health through consumption instead of austerity. So far, the market is gobbling it up. Hamza Shaban is a reporter for Yahoo Finance covering markets and the economy. Follow Hamza on X @hshaban. Click here for in-depth analysis of the latest stock market news and events moving stock prices
