PepsiCo CEO: A major overhaul is underway

PepsiCo (PEP) is doubling down on its snack business after years of declining volume growth. On Thursday before the market open, the company beat low earnings estimates from Wall Street in its third quarter report. But the snacking slowdown continued in the US: North America food revenue fell 3%, and units sold declined 4%. PepsiCo CEO Ramon Laguarta told Yahoo Finance that a major overhaul is underway. "The situation in the US is accelerating top line," Laguarta said in a phone interview. "We're very a ...