1454 ET - PepsiCo's deal to acquire prebiotic soda brand poppi for $1.95 billion can accelerate the beverage giant's topline performance and volume growth in its beverages North America division, Citigroup analysts say in a research note. The acquisition also offers further distribution opportunities in gas and convenience, and away-from-home channels, the analysts say. Poppi has been growing dollar sales at an average of more than 150% over the last 52 weeks, and has seen growth of 170% and 230% in 2024 and 2023, respectively. The analysts estimate 70 basis points to 90 basis points contribution to the unit's growth from Poppi. PepsiCo shares rise 2% to $151.59.(sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
March 17, 2025 14:54 ET (18:54 GMT)
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