The trend: PepsiCo is evolving its portfolio to appeal to Gen Zers and other consumers who are increasingly eating “mini meals” throughout the day.

• That may mean eating Sabra hummus with Tostitos and a banana in the middle of the afternoon, said CEO Ramon Laguarta during the company’s earnings call.
• Those shifting consumption patterns are “positive trends for the category,” he said, noting PepsiCo is “going to be moving our brands more into those spaces because there are a lot of occasions that our brands belong in and that we'll be able to satisfy consumers in that space.”