PepsiCo earning call: Hints of an in-home beverage play

|About: PepsiCo Inc. (PEP)|By:, SA News Editor

Shares of PepsiCo (PEP -0.9%) are slightly lower again as investors re-align their thinking after hearing the company resist the calls to spin off its beverage business.

The focus now falls back on a potential deal with SodaStream or another play in the home beverage industry.

During an earnings call yesterday, CEO Indra Nooyi said PepsiCo is testing single serve home delivery concepts before deciding on where to invest.

Nooyi on home beverage products: "GMCR is one option. Interestingly, there are multiple, multiple, multiple technologies out there."

Does the use of three "multiples" in the sentence indicate PepsiCo has something new up its sleeve?

Earnings call transcript