poppi (prebiotic soda)
Acquired in May 2025 as part of the shift toward functional beverages.
What it is
Prebiotic soda brand bought by PepsiCo for $1.95B headline value, including $300M of expected cash tax benefits, with a performance-based earnout. It is the core of the company's push into functional beverages.
Why it matters to the stock. The deal is a test of whether PepsiCo can grow higher-margin functional brands beyond its legacy soda line.
News
poppi launches in the UK, its first market outside the United States
poppi, the prebiotic soda PepsiCo bought in 2025, launched in the UK on March 5, 2026, its first market outside the United States.
Product