Key Takeaways PEP's productivity strategy is a key lever for EPS expansion, helping deliver strong fourth-quarter results.PEP is using supply-chain optimization, automation and SKU rationalization to offset costs and expand margins.PEP plans to reinvest productivity savings and target at least 100 bps of cumulative core margin expansion.PepsiCo, Inc.’s (PEP) productivity strategy is a key lever for earnings per share (EPS) expansion, particularly in a challenging operating environment. The company is drivin ...