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Fortune
Fortune
Christiaan Hetzner

Pepsi's CEO is keeping an eye on weight loss drugs, but shakes fears voiced by Walmart bosses it could hurt their bottom line

Pepsico CEO Ramon Laguarta (Credit: Fabrice Coffrini—AFP/Getty Images)

The surge in popularity of weight-loss aiding drugs like Ozempic has not harmed demand for sugary drinks and salty snacks as widely predicted—at least not yet, if you believe the company behind Pepsi cola and Lays potato chips.

“So far the impact is negligible in our business,” Pepsico CEO Ramon Laguarta told investors during a quarterly earnings call on Tuesday. “Obviously we’re looking at this along with many other positive and negative potential risks for our business.”

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