PepsiCo Lags Coca-Cola as Domestic Sales Stumble

PepsiCo has experienced a period of stagnant stock performance despite revenue and earnings growth, primarily due to struggles in its North American market contrasting with strong international sales. While overseas beverage and snack volumes are robust, domestic sales are shrinking, and the company has relied on price increases rather than volume growth in North America. This has led to a lower valuation for PepsiCo compared to Coca-Cola, which benefits from an asset-light model and strong pricing power.