PEP PepsiCo Inc

By Michael Dabaie

PepsiCo Inc. (PEP) said it will launch a new beverage that combines cola and coffee called Pepsi Cafe in the U.S. in April.

Pepsi Cafe has nearly double the amount of caffeine than a regular Pepsi cola and will come in Original and Vanilla flavors, the company said. Pepsi said the beverage will be available at national retailers beginning in April 2020.

The company said it entered the cola and coffee category in 1996 with Pepsi Kona.

Shares were up 0.2% to $137.39.

Write to Michael Dabaie at michael.dabaie@wsj.com

(END) Dow Jones Newswires

December 12, 2019 11:12 ET (16:12 GMT)

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