Drinks

Pepsi and Coke Are Fighting to Get You to Drink Soda Again

  • Soda competition heating up again even as snacks carry PepsiCo
  • ‘We don’t want to be a net share donor,’ CEO Indra Nooyi says

Snacks Drive Profits at Pepsi

The biggest cola rivalry in history is in full swing again as the two top names in beverages battle for a shrinking soda-loving population.

While PepsiCo Inc. has diversified away from drinks -- Frito-Lay chips drove growth again last quarter -- its focus is back on fixing the fizzling beverage division in the face of heightened competition from arch-rival Coca-Cola Inc.