Related Searches: Tea Vitamin Nutrients Ingredients paper cup packing

Food & Health Ingredients
Health & Nutrition
Processing & Packaging
Starch & Starch Derivatives

PepsiCo Does Well in Fourth Quarter

foodprocessing 2021-02-18
Share       

PepsiCo is continuing to see an overall benefit from consumer shopping habits changed by the pandemic, as it reported healthy fourth-quarter results.

PepsiCo reported fourth quarter revenue up 8.8% year-over-year, to $22.46 billion. The results were buoyed by good results for its Frito-Lay unit, with organic revenue for Frito-Lay North America up 5%, as well as its Quaker Oats business. The company attributed both to consumers eating more at home during the pandemic, especially breakfast foods like oatmeal and pancakes. The North American beverage unit had a 5.5% year-over-year increase.

The only major dark spot was fountain sales, which were down by double digits, as consumers continued to avoid restaurants, movie theaters and other foodservice venues. Executives said they expect fountain sales to come back as the pandemic lifts.

“I think it’ll evolve slowly over time,” CFO Hugh Johnston told the Wall Street Journal. “I’m not expecting any kind of a dramatic change.”

PepsiCo’s diversified product portfolio helped it weather the pandemic better than chief rival Coca-Cola, which reported a 9% dro in organic sales last year.

E-newsletter

Subscribe to our e-newsletter for the latest food ingredients news and trends.

Tags

Recommended Products

Genmont Jin-Fu-Min-Cai probiotic capsules

Genmont Jin-Fu-Min-Cai probiotic capsules

Enzyme Tablets (Pressed Candy)

Enzyme Tablets (Pressed Candy)

Asp300 Tonnage Aseptic Filling Machine

Asp300 Tonnage Aseptic Filling Machine

Nuclese NP1

Nuclese NP1

RC2M/D Roller Conveyor

RC2M/D Roller Conveyor

Tang-Mei-Le ADR-1 probiotic capsules

Tang-Mei-Le ADR-1 probiotic capsules

ADEPHARM Tablets

ADEPHARM Tablets

Bifidobacterium Animalis BA77

Bifidobacterium Animalis BA77

Top

SJGLE B2B Website : 中文版 | ChineseCustomer Service: 86-400 610 1188-3 ( Mon-Fri 9: 00-18: 00 BJT)

About Us|Contact Us|Privacy Policy|Intellectual Property Statement

Copyright 2006-2023 Shanghai Sinoexpo Informa Markets International Exhibition Co Ltd (All Rights Reserved). ICP 05034851-121