According to PepsiCo CEO Indra Nooyi, the company will move away from colas and focus on “guilt-free” product lines such as diet beverages and low-in-sodium snacks, reports FoodBev. The move is part of a wider effort to reduce PepsiCo’s reliance on colas, the source writes.
In a conference call earlier this week, Nooyi stated, “We’ve been future-proofing our product portfolio, reshaping it to capitalize on consumers’ increasing interest in health and wellness.” Guilt-free products account for approximately 45 percent of PepsiCo’s portfolio, Nooyi went on to say.
The company is increasing its out-of-home availability of its nutrition products through placement of more than 20,000 Hello Goodness vending machines across North America, the source writes.
PepsiCo released its first quarter 2016 results on April 18.
