Photo: ©BAIBAZ – STOCK.ADOBE.COM PURCHASE, NY. — Chickpeas could become an ingredient found in more products under the Frito-Lay brand. PepsiCo., Inc., the parent company of Frito-Lay North America, already owns the Off The Eaten Path brand, which offers products containing chickpeas as well as other ingredients like black beans, carrots and green peas. “Within the Frito portfolio, there are also different substrates that we’re playing,” said Ramon L. Laguarta, chief executive officer of PepsiCo., in a Feb. 9 earnings call to discuss fiscal-year 2022 results. “Off The Eaten Path is a great example. You have multigrain. Then you have smaller substrates. One substrate that we like a lot is chickpea. Chickpea has high nutritional values.” PepsiCo sees an incremental opportunity to broaden its portfolio beyond the more traditional substrates where the company has advantages in supply chains and well-known brands, he said. “But I think our brands can expand into other spaces, especially some of those smaller brands, but also we’re thinking about some of our bigger brands as well,” Mr. Laguarta said. Operating profit at Frito-Lay North America in the fiscal year ended Dec. 31, 2022, increased 9% to $6.14 billion when compared to the previous fiscal […]
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