Key Takeaways PBNA is gaining momentum in 2025, driven by Pepsi Zero Sugar and Mountain Dew's expanding flavor lineup.PEP sees double-digit Pepsi Zero Sugar growth supported by new campaigns and broader zero-sugar demand.Mountain Dew's new varieties and Baja Blast momentum are boosting PBNA's market strength.PepsiCo, Inc.'s (PEP) PepsiCo Beverages North America (“PBNA”) division has been gaining momentum in 2025, thanks largely to the strength of its innovation-led beverage platforms, particularly Pepsi Zer ...