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PepsiCo’s Snacks Help It Overcome Weak Soda Sales [Fortune]

PEPSICO (PEP)  More Company Research Source: Fortune
Last pepsico earnings: 4/26 06:01 am Check Earnings Report
US:NYSE Investor Relations: pepsico.com/investors
PDF PepsiCo (pep) is getting a big hand from consumers’ ongoing desire for snacks. The food and beverage giant on Tuesday reported quarterly financial results that showed once again how its snacks business, which includes items like Cheetos and Doritos, is bolstering its performance at a challenging time for much of its beverage business, specifically its carbonated drinks. PepsiCo’s results came in better than expected for the fourth quarter even as the company conceded it still has work to do on the beverage side. PepsiCo has benefited from a lot of new product introductions on the food side and a steady stream of innovation. But doing the same on the beverage side has proved more challenging. On an organic basis, meaning net of currency movements and of mergers and acquisitions, revenue rose in all of its segments except for its biggest one: its North American beverages unit. There, a unit whose products include Pepsi cola, Gatorade and Tropicana, sales fell 3% to $5.9 bi [Read more]

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