PepsiCo's Q3 Test: Can PBNA Gains Outweigh Frito-Lay Struggles?

Key Takeaways PEP's PBNA posted high-single-digit away-from-home growth and gained share in no-sugar colas and Gatorade.PBNA division's focus on innovation, affordability and functional hydration products drives consumer demand.Frito-Lay faces volume challenges, with Lay's lagging amid progress in Cheetos, Doritos and other snacks.PepsiCo, Inc. (PEP) enters the third quarter of 2025 with strong momentum in the PepsiCo Beverages North America division (PBNA), which delivered high-single-digit growth in away- ...