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

Sodium Dehydroacetate

Sodium Dehydroacetate

Dehydrated garlic flakes without roots

Dehydrated garlic flakes without roots

Instant fan drying line

Instant fan drying line

Lucid Ganoderma Extract

Lucid Ganoderma Extract

Halal certificated medical grade gelatin

Halal certificated medical grade gelatin

Astragalus Extract

Astragalus Extract

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