PepsiCo beverage sales slide amid coronavirus lockdowns Fox News 19:29 13-Jul-20 PepsiCo Inc (PEP) Q2 2020 Earnings Call Transcript Nasdaq 18:39 13-Jul-20 PepsiCo Sees Gains in Snacks, but Drops in Beverages Adweek 18:37 13-Jul-20 Ruffles potato chip brand saw high-single-digit growth, while oatmeal line Quaker’s organic revenue spiked 23% in the quarter.
All the latest breaking news on Pepsi. PepsiCo Inc. reported a stronger-than-expected spring as homebound consumers looking for comfort stocked up on snack foods -- and its current … MEXICO CITY — PepsiCo, Inc. has announced plans to invest $4 billion in Mexico between 2019 and 2020 as part of a broad growth initiative focused on four strategic pillars. On Friday, as Beyoncé was casually posting pictures of vegan cupcakes to her Instagram account, the internet was in a state of frenzy over the news that she had also uploaded something else to the web – her long-awaited fifth album.Golf star plummets 18 places on list of industry's most valuable 'faces'Leaked images of the phone suggest it could only cost around £130It’s not often that you hear one of the world’s biggest brands saying sorry, but Pepsico was forced to apologise last week for an illjudged social media campaign that has kicked up one of the biggest advertising storms of the year and highlighted the perils of social media engagement.It's far better for an ad to be loathed than sink without a traceChain reduces prices in stores at risk from nearby competition News about Pepsico Inc., including commentary and archival articles published in The New York Times. Beverage sales were one key weakness, as both in-restaurant and grab-and-go gas station sales lagged during the lockdowns.“As we look ahead for North America, we expect our overall business to perform well, assuming there is no large-scale disruption in economic activity or population mobility as a result of the recent surge in Covid-19 infections in many markets,” Laguarta said. MANILA - Online news website Inquirer.net's articles on the rape and death of '80s star Pepsi Paloma earlier questioned by Senate President Vicente Sotto III were no longer accessible as of Wednesday. Search Stories.
PepsiCo is being honest about its true intentions, and that’s a good thing When reporting on the PepsiCo announcement, many news publications highlighted the phrase “relentless automation.” Net income attributable to the company fell about 19% to $1.65 billion.Reporting by Nivedita Balu in Bengaluru; Editing by Sriraj KalluvilaOverall, net revenue fell about 3% to $15.95 billion, but beat analysts’ estimates of $15.38 billion, according to IBES data from Refinitiv.For PepsiCo, sales of snacks under the Frito-Lay North America unit rose 7% in the second quarter ended June 13, while Quaker Oats surged 23%.Laguarta signaled an improvement in convenience stores and gas stations, but expects the recovery in foodservice channels, which include restaurants, to take a bit more time.The company sees snacks and food businesses remaining resilient, with the beverages unit expected to perform better during the second half of the year.Online sales of potato chips jumped 93.5% and tortilla chips 101.2% for the week ended June 20, according to market data from Nielsen.Excluding items, the company earned $1.32 per share, beating Wall Street estimates of $1.25.Revenue at PepsiCo’s North America beverages unit, its biggest, fell 7% as restaurants and other points of sale remained closed, while sporting events were delayed.“We gained market share in salty, savory and macro-snacks in the quarter.”The company’s shares, which are down 1.6% to date in a tumultuous year for Wall Street, were up about 2% before the bell as investors shrugged off a fall in sales of its sodas due to widespread restaurant closures.“Consumer eating habits continued to evolve, with consumers spending more time at home, which benefits the at-home breakfast, snacking and dinner occasions,” Chief Executive Officer Ramon Laguarta said in pre-recorded remarks. Get the latest Pepsico, Inc. (PEP) stock news and headlines to help you in your trading and investing decisions. The company said it still won’t make an outlook for 2020.And snack foods, it seems, carried the North American consumer through a difficult quarter. North American beverage organic revenue, which has been a weakness for PepsiCo in recent quarters, was up 2.5 percent, the company’s first positive number in the past four quarters. Read here to learn more about the history of PepsiCo, Inc., including its mergers, acquisitions, and products. Browse The Independent’s complete collection of articles and commentary on Pepsi.