$PEP (3%) YTD Loss to $132

MA (50)=$129

Q1'20 YOY
Rev=$13.9B
PepsiCo Beverages=$4.8B
Frito=$4.1B
Europe=$1.8B
LATAM=$1.3B

P/L=$1.4B

-Acquired Rockstar for $3.85B &gt; Compete in energy drink space
-Distribution agreement w/ Vital Pharma

'20 Outlook
*Repurchases=$2B
*Rev=$65B https://t.co/0OamVDy3dy