PepsiCo today reported that the company’s revenue and profit fell in its fourth quarter, a day after The Coca-Cola Company reported that its earnings fell 55 percent last quarter.
Both companies are grappling with a weak demand for soda. Pepsi continues to rely on its snack business Frito-Lay to offset some of the declines in the soda market. CNN’s Maggie Lake discusses Pepsi and Coke’s struggles with Here & Now’s Peter O’Dowd.
Guest
- Maggie Lake, CNN business correspondent. She tweets @maggielake.
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