Last October, multinational food, snack, and beverage company PepsiCo increased efforts to move itself into a healthier category by cutting back on sugar in its beverages. The company pledged that by 2025, two-thirds of its soft drinks will contain 100 calories or fewer from added sugars per 12-ounce serving.
However, PepsiCo faces even more pressure from its investors, with shares falling as much as two percent to $104.77 and expected earnings to come in at $5.09 a share this year.
For continued growth for consumers looking for “better-for-you” products, the company has an “everyday nutrition” category, which makes up 25 percent of its sales. The category includes water, unsweetened tea, and healthier snacks.
The numbers in revenue and sales of healthier products add up, as last year the company reported its struggles, along with competitor Coca-Cola, to reach a younger audience opting for healthier beverages as opposed to sugary soft drinks.