"We are ready to go," Anne Fink, president of global foodservice at PepsiCo, said in an interview at the Future Smarts 2024 beverage conference. While there are still a few holdouts among Subway franchisees, it is "not a material number," she said.
PepsiCo scored a major win in March when the sandwich chain announced it would be serving beverages from the company after years of being a customer of Coca-Cola Co.
In October, the North American Association of Subway Franchisees stopped advising against signing the agreement after a contentious section was removed, indicating a shift in franchisee support.
During remarks at the conference, Fink said that foodservice is an opportunity for growth. "My job is to make sure it's growing faster than the rest of the company," she said.
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