And at $16.1 billion, net revenue was slightly ahead of consensus estimates.
"To the casual investor, PepsiCo's (PEP) quarter was pretty straightforward. Earnings beat, sales were pressured, guidance reiterated. But looking at the cost cuts in Quaker Foods, it could be Pepsi's signal the division is being prepared to be put on the sales block."
But Pepsi is more than just soda. And in an effort to learn more about its new product 'Bubly' and the millennials' seltzer craze, we called in two of our favorites.
So watch @KinseyGrant and @KatherineRoss do a seltzer taste test now!
And let me know @tracybyrnes which is your favorite!