Photo: ©BRENT HOFACKER – STOCK.ADOBE.COM BOCA RATON, FLA. — Executives at PepsiCo, Inc. are eyeing opportunities to add the company’s snack brands to more meal occasions. “More and more we’re experimenting with how Lay’s can substitute potatoes in many dishes around the world, how Doritos can be part of how you make a pizza,” said Ramon L. Laguarta, chairman and chief executive officer of Purchase, NY-based PepsiCo, during a Feb. 21 presentation at the Consumer Analyst Group of New York conference in Boca Raton. With more than $86 billion in annual net revenue, PepsiCo is one of the largest food and beverage companies in the world, and yet management sees “a long runway for growth” and untapped potential across its portfolio. “We want to move our products … more into meals, being accompaniment to a meal, but also being part of the recipe of the meal,” Mr. Laguarta said. He described a food truck concept the company introduced in Mexico “where consumers go and they can choose different ingredients to create a meal with our products.” Tosticentro, inspired by the Tostitos brand, serves such items as “walking tacos,” featuring tortilla chips with toppings that may be eaten on the […]
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