BigShinyThing

Pepsi Beats Coke
Tuesday 13 December 2005

Pepsi has overtaken Coke in value for the first time in 112 years.

The FT reports that shares in PepsiCo have risen 14 percent this year, pushing the company’s stock value to a record high of $98.4bn yesterday. Meanwhile Coca-Cola shares have declined 1.2 percent, reducing the company’s worth to $97.9bn.

Clever Pepsi diversified sometime ago (it bought Frito-Lay way back in the 1970s) - it now generates more than half of its total sales through snacks and less than 20 percent from soft drinks. Coke still relies on soft drinks for more than 80 percent of revenue. Oops.

Posted by Anne-Fay | Tags: ,
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