Latest news with #Tostitos
Yomiuri Shimbun
a day ago
- Business
- Yomiuri Shimbun
Pepsico Overcomes Lagging US Sales in a Strong Second Quarter
PepsiCo reported better-than-expected earnings and revenue in the second quarter and expressed confidence that new and revamped products can boost its lagging North American sales in the second half of this year. In a conference call with investors Thursday, PepsiCo Chairman and CEO Ramon Laguarta said the company plans to introduce protein-enhanced versions of snacks like Pop Corners in the next few months and will eventually make high-protein versions of some of its biggest sellers. Protein beverages are also going on sale later this year. 'Consumers are adopting protein solutions in their diets at a pace that was not the case in a few years back,' Laguarta said. 'We can provide democratized solutions at large scale. That's what we're trying to do.' Laguarta said a relaunch of Lay's potato chips and Tostitos tortilla chips without artificial colors or ingredients is also coming later this year. PepsiCo said in April that it was accelerating a planned phase-out of artificial colors and ingredients after U.S. health officials called on companies to make that shift. But Laguarta didn't say whether PepsiCo is planning a shift to real sugar in its U.S. sodas. Late Wednesday, President Donald Trump said in a social media post that Coca-Cola had agreed to use real cane sugar in its flagship product in the U.S. instead of high-fructose corn syrup. Coke didn't confirm the change but promised new offerings would be shared soon. '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,' Laguarta said. 'So this is a journey of following the consumer, trying to be maybe one step ahead of the consumer but not too many steps.' Sales of Frito-Lay and other snacks fell 1% in North America during the April-June period, PepsiCo said Thursday, while beverage sales slid 2% in the region. Years of double-digit price increases from PepsiCo and changing consumer preferences has weakened demand for the company's drinks and snacks, the company said in February. It said Thursday that it's trying to combat perceptions that its products are too expensive by expanding distribution of value brands like Chester's and Santitas. Sales rose in some other regions, including Latin America and Asia. PepsiCo said low- or no-sugar versions of its trademark Pepsi saw strong sales globally. Revenue rose less than 1% to $22.7 billion in the April-June period. That was higher than the $22.3 billion Wall Street forecast, according to analysts polled by FactSet. PepsiCo's net income fell 59% to $1.3 billion. Adjusted for one-time items, including impairment charges related to its Rockstar and Be & Cheery brands, PepsiCo earned $2.12 per share. That was also higher than the $2.03 analysts had forecast. PepsiCo shares rose nearly 6% in morning trading Thursday. PepsiCo lowered its full-year earnings expectations in April, citing increased costs from tariffs and a pullback in consumer spending. The company reaffirmed that guidance Thursday.
Time of India
2 days ago
- Business
- Time of India
Coca-Cola-Coke, PepsiCo-Lay's to under major changes? What consumers need to know
PepsiCo is planning to highlight what will no longer be in its potato or tortilla chips - artificial colors or flavors - when it re-launches its Lay's and Tostitos brands later this year, executives said on Thursday. On Wednesday, President Donald Trump said Coca-Cola will start using cane sugar in its beverages in the U.S., a dietary preference of Health Secretary Robert F. Kennedy Jr.'s Make America Healthy Again (MAHA) movement. Both Pepsi and Coke use high-fructose corn syrup for their sodas, which is generally more cost-effective. PepsiCo-Lay's Rebranding? Explore courses from Top Institutes in Select a Course Category Degree Others Public Policy CXO Artificial Intelligence Healthcare Data Science Management Product Management Data Analytics others Cybersecurity Finance MCA Data Science Technology MBA PGDM Digital Marketing Design Thinking Operations Management healthcare Project Management Leadership Skills you'll gain: Data-Driven Decision-Making Strategic Leadership and Transformation Global Business Acumen Comprehensive Business Expertise Duration: 2 Years University of Western Australia UWA Global MBA Starts on Jun 28, 2024 Get Details The overhaul for the company's top-selling snack brands comes as U.S. Health Secretary Robert F. Kennedy Jr. pushes Americans to eat "whole foods" and pressures manufacturers to ditch dyes. U.S. food makers have been announcing plans to remove dyes from their products and introduce new ones without the colors under pressure from Kennedy and the Make America Healthy Again (MAHA) social movement backing him. "We're trying to elevate the real food perception of Lay's. If you think about the simplest and most natural snack, it is a potato chip; it's a potato, it's oil, and it's a little bit of salt—the most simple, no artificial ingredients," said CEO Ramon Laguarta in a call with investors. The company also said it was expanding use of avocado and olive oil across its brands, rather than the canola or soybean oil it uses. The MAHA movement has questioned the health benefits of certain food oils. Live Events In April, PepsiCo said it planned to migrate its entire portfolio to natural colors, or give consumers the option to have a product without a synthetic dye. Its Cheetos snacks and Gatorade drinks rely on synthetic dyes for their bright hues. It already offers Lay's and Doritos without artificial colors or flavors under its Simply segment. Coca-Cola Coke A possible move by Coca-Cola, and other beverage and food industries, to use cane sugar instead of corn syrup as a sweetener would be difficult and expensive to implement, while mostly negative for farmers in the United States. U.S. President Donald Trump said on Wednesday that Coca-Cola had agreed to use cane sugar in its beverages in the country after his discussions with the maker of the top soda pop brand. The company already sells Coke made from cane sugar in other markets, including Mexico, and some U.S. grocery stores carry glass bottles with cane sugar labeled "Mexican" Coke. In response to Trump's comment, Coca-Cola said "more details on new innovative offerings within our Coca-Cola product range will be shared soon.' Around 400 million bushels of corn is used annually to make corn syrup for drinks and other food products, representing around 2.5 per cent of U.S. corn production, according to U.S. government data. The U.S. produces around 3.6 million metric tons of cane sugar per year, half of that in Trump's home state of Florida, compared with around 7.3 million tons of corn syrup. Trump's ongoing trade wars, however, would make it difficult to cover the deficit, sugar analyst Michael McDougall said. "It will most likely come from Brazil," he said, referring to the world's top cane sugar producer, "but Trump just hit Brazil with a 50 per cent import tariff." FAQs Q1. Who is US Health Secretary? A1. US Health Secretary is Robert F. Kennedy Jr. Q2. What do we know about corn syrup? A2. Around 400 million bushels of corn is used annually to make corn syrup for drinks and other food products, representing around 2.5 per cent of U.S. corn production, according to U.S. government data.
Yahoo
2 days ago
- Sport
- Yahoo
Golfer Dead At 28 After Being Struck By Lighting
Golfer Dead At 28 After Being Struck By Lighting originally appeared on The Spun. Tragedy struck a New Jersey golf course this month as a 28-year-old golfer was killed in a lightning strike. According to ABC News, Simon John Mariani was playing golf at the Ballyowen Golf Course in Hamburg, New Jersey when he was struck by a bolt of lightning at the 15th hole. The incident occurred on July 8 during an "all-day Iron Man golf competition" but he passed away this past Monday. "Mariani was participating in an all-day Iron Man golf competition when he was struck by the bolt of lightning, Brian Delia, a fellow golfer who witnessed the strike, told ABC New York station WABC last week," the outlet reported. Mariani's father and other golfers attempted to keep him alive with CPR and mouth-to-mouth until emergency responders arrived. In his obituary, Mariani's family highlighted his being a Notre Dame graduate who got his degree in Accounting and Economics. He had been working at PwC and three years, earned his CPA and received a Master's in Finance from Notre Dame just last year. "Outside of his professional life, Simon embraced all things family and enjoyed painting, photography and baking. He also loved the outdoors, including the beach, boating, fishing, hiking, golfing and skiing. He recently visited Utah's Big 5 National Parks and hiked Angel's Landing in Zion National Park. He enjoyed playing, and also watching, various sports including soccer, football, hockey, baseball and Formula 1. His favorite teams included the Yankees, Devils, Jets, Notre Dame and ManU. Simon's family game night favorites were Catan, Trekking the National Parks, Risk, Scooby-Doo Group Photo and Euchre. He also enjoyed bowling, darts, cornhole and fantasy sports," the obituary said. "Simon loved Diet Coke, water, lemonade, steak, pizza, Cheerios, well-done sesame bagels and chocolate-frosted donuts with sprinkles, plain hamburgers and hot dogs, turkey sandwiches, pretzels, Tostitos, vanilla fingers, chocolate chip cookies, M&Ms and chocolate ice cream. His favorite musicians were Taylor Swift and Jimmy Buffett, and his favorite movies were Jurassic Park, Interstellar, the Pirates of the Caribbean, Jaws and My Cousin Vinny. His favorite color was yellow. Simon's love for his family, career, the outdoors and sports reflected his zest for life. Simon had the heart of a Champion. "He is survived by his loving parents, Scott and Kathleen Mariani of Franklin Lakes, and his two beloved sisters, Samantha and Sophia. He is also survived by many cherished family members and friends who will forever hold his memory close to their hearts." Our hearts go out to Mariani's family and loved Dead At 28 After Being Struck By Lighting first appeared on The Spun on Jul 16, 2025 This story was originally reported by The Spun on Jul 16, 2025, where it first appeared. Solve the daily Crossword
New York Times
2 days ago
- Business
- New York Times
PepsiCo Reaches for Protein and Fiber to Boost Sales
High-protein Cheetos? Doritos with added fiber? The snack and beverage giant PepsiCo said it planned to offer healthier, or cleaner, versions of some of the company's popular chip and drink brands and add protein or fiber to them, which consumers are increasingly seeking, executives told Wall Street analysts and investors on an earnings call on Thursday morning. 'Protein is clearly a sub-segment in the food and beverage category that is growing fast,' Ramon Laguarta, the chief executive of PepsiCo, said. 'Consumers are adopting protein solutions in their diet at a pace that was not the case a few months or years back. We're trying to offer the consumer solutions. Not small solutions, but big solutions with some of our big brands.' The company didn't offer specifics on which snacks or beverages might be made with additional protein or fiber, but hinted they would most likely first appear in some beverages and Quaker snacks. It said it was in the midst of relaunching two of its big brands, Lay's and Tostitos, with no artificial colors or flavors by the end of this year. PepsiCo also plans to introduce a line of Cheetos and Doritos with no artificial colors or flavors in the future, the company said. The company highlighted the success it has seen globally in its sugar-free colas and other beverages. The heightened focus on healthier or more functional snacks and beverages comes as consumers are increasingly seeking out those types of products and as the Trump Administration is applying pressure on companies to move away from artificial colors and toward more natural ingredients. Late Wednesday, President Trump posted on social media that Coca-Cola had agreed to switch to real cane sugar in its drinks sold in the United States. Coke, which currently sweetens its beverages in the United States largely with high-fructose corn syrup, did not say whether it had agreed to the change or not. Want all of The Times? Subscribe.
Yahoo
5 days ago
- Health
- Yahoo
Ice cream, other foods getting makeover as part of MAHA
The White House is touting progress in getting artificial colors and harmful chemicals out of the U.S. food supply — including news that ice cream companies that together make more than 90% of the ice cream sold in the U.S. have agreed to stop using certified artificial colors in their products. 'President Donald J. Trump took office promising to confront the chronic health crisis plaguing Americans — and six months later, he is delivering on that promise by removing harmful chemicals from our food supply," per a White House news release Monday. The effort is in line with findings of U.S. Health and Human Services Secretary Robert F. Kennedy's 'Make Americans Healthy Again' effort. In a report the department recently issued, chemical exposures and food dyes were called out as harmful. As Deseret News noted, the report on children's health focused on four things: an unhealthy diet — including artificial ingredients and dyes — exposure to environmental chemicals, too little activity and overprescription of medications. The White House list of companies that manufacture food and promise to make it healthier includes: Steak 'n Shake replaced its buttery blend with 100% all natural beef tallow, per QSR Magazine. In-N-Out told Good Morning America that it is making the same transition to 100% beef tallow and said it will remove artificial food dyes and artificial flavors from its menu items. McCormick said it will drop certain food dyes. McCormick CEO Brendan Foley told analysts that 'we are seeing a tick-up in reformulation activity' regarding food dyes and sodium, the latter of which he added they've always been working on, per Fox Business. PepsiCo is going to reformulate some of its products, including Tostitos and Lay's chips by the end of the year to remove artificial ingredients. Ramon Laguarta, company chair and CEO, told Food Business News in April that 60% of the company's portfolio already didn't have artificial colors. Tyson Foods has been 'proactively reformulating' products that contain petroleum-based artificial dyes, per Reuters. The company noted that most of its products don't contain those dyes. Mars Wrigley removed titanium dioxide from Skittles. Fox News reported it's typically used 'to make food look whiter and opaque.' Sam's Club has said it is 96% of the way to the goal of removing artificial ingredients from its private brand, Member's Mark. The warehouse store is calling the effort 'made without,' per a release from Walmart, Sam's Club's parent company. It said that 'the 'Made Without' list includes over 40 distinct ingredients, such as artificial colors, aspartame and high-fructose corn syrup, that were identified based on a combination of member feedback, nutritional guidance and industry trends.' Kraft-Heinz is giving its products a no-artificial-dyes makeover in the U.S., as Deseret News earlier reported. General Mills is taking artificial dyes from its cereals and all foods sold in K-12 schools, as the Associated Press reported. Nestlé USA said most of its portfolio doesn't have synthetic colors, but it's reformulating products that do to eliminate them by the middle of next year. 'Conagra Foods announced it will remove certain color additives from its frozen products, no longer offer products with artificial dyes in K-12 schools and stop using artificial dyes in the manufacturing of its products," per the White House. JM Smucker is getting rid of its synthetic colors from consumer food products, according to FoodDive and Hershey is doing the same, per Bloomberg. The Consumer Brands Association said it is urging its food and beverage companies to stop using the certified Food, Drug and Cosmetic colors from products served in schools by fall 2026.
