PepsiCo's Foundation Is Strong, But Here's Where the Growth Opportunity Is
For many, the name PepsiCo (NASDAQ: PEP) brings to mind soda, which is what the company is named after. What some of those many tend to overlook is that this company expanded well beyond its core product, notably with the Frito-Lay business it runs. As investors look at the overall company today, the tendency is to view the company as stable and mature. Some of those same investors ask: where is future growth going to come from?
PepsiCo is a consumer staples giant sporting a massive $230 billion market cap. When you look at the brands the company owns, however, the size here makes sense. There's the beverage business, which includes brands like Gatorade and its namesake Pepsi, that generates $6.6 billion in revenue per quarter in North America alone. There's FritoLay, a giant in the snack space, with quarterly revenue of around $5.5 billion in North America. And Quaker Foods, with iconic brands but a relatively modest quarterly revenue haul of $700 million in North America. Europe, across all of PepsiCo's products, brings in another $3.6 billion.
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Source Fool.com
