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Of the two, only Pepsi has exposure to food through brands such as Frito-Lay and Quaker as well as international food brands, and its beverage portfolio is less concentrated in soda than Coca-Cola's.
During the peak of the cola wars, as Coca-Cola saw its flagship product losing market share to Pepsi as well as to Diet Coke and competitors' products, the company considered a change to the beverage's formula and flavor. In April 1985, The Coca-Cola Company introduced its new formula for Coca-Cola, which became popularly known as "New Coke".
As of February of 2023, Coca-Cola had a market cap of $256.10 billion whereas Pepsi had a market cap of $241.72 billion. These projections fluctuate. These projections fluctuate. Coke vs Pepsi ...
Stocking Coke products in all 20,000 of its U.S. stores, Subway was Coca-Cola’s biggest fountain account by number of store locations, per Beverage Digest. Subway has about 37,000 locations ...
Pepsi Jazz Black Cherry & Vanilla. Pepsi Jazz Strawberries & Cream. Pepsi Lime. Pepsi Mango. Pepsi Max. Pepsi Perfect. Rockstar Energy. Seaman's Beverages (Orange and Ginger Ale) Sierra Mist (discontinued in 2023)
As a result, Pepsi's market share as compared to Coca-Cola's shot up dramatically in the 1950s with African American soft-drink consumers three times more likely to purchase Pepsi over Coke. [35] After the sales team visited Chicago, Pepsi's share in the city overtook that of Coke for the first time.
At current prices, Coke yields 2.83% in dividends versus a similar 2.69% for PepsiCo, and both companies have sustainable payout ratios in the area of 56% for Coke and 51.5% for Pepsi.
A Coca-Cola pinback button, "I picked Coke in the Pepsi Challenge." In his book Blink: The Power of Thinking Without Thinking (2005), author Malcolm Gladwell presents evidence that suggests Pepsi's success over Coca-Cola in the "Pepsi Challenge" is a result of the flawed nature of the "sip test" method. [ 6 ]