Food
PepsiCo again benefited in the first quarter thanks to consumers spending time at home and buying more snacks, crisps and oats. As a result, sales and profit exceeded Wall Street's expectations.
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The implosion of the AgeCore alliance is sharpening the conflict of interests between supermarkets and brand manufacturers: multinationals are demanding action against abuse of power, while food retailers are defending the free market. Warning: even bigger buying groups may be in the making.
The future of European retail alliance AgeCore is highly uncertain now that German supermarket chain Edeka is cancelling its membership. One of the reasons is a lawsuit in France about possible abuse of power.
US food giant PepsiCo recorded a rebound in the final quarter after a low point at the start of the pandemic. Just like its rival Coca-Cola, the company is counting on a successful vaccination campaign to fuel its growth in 2021.
Beyond Meat and PepsiCo have formed The PLANeT Partnership. The joint venture will sell new plant-based snacks and drinks. Financial details were not made public.
Food and beverage company PepsiCo aims to reduce net greenhouse gas emissions across its entire supply chain to zero by 2040. That's 10 years earlier than called for in the Paris Agreement.
For the third year in a row, Coca-Cola, PepsiCo and Nestlé have been declared the largest plastic polluters in the world by the Break Free From Plastic movement.
PepsiCo exceeded expectations with quarterly growth of 5.3%. Thanks to the brand manufacturer's snacks and crisps, which are doing remarkably well in times of corona.
PepsiCo saw its turnover drop 3.1 % in the three months until 13 June, but took heart from the encouraging sales growth of its cereals.
FMCG giant PepsiCo has launched a 'virtual pantry' in the United States: the producer of soft drinks, potato crisps and more now also supplies directly to consumers via two webshops.
Less cola, more breakfast and crisps: PepsiCo clearly sees different behaviour during the corona crisis. As a result, Coca-Cola's rival has had a better quarter.
PepsiCo has outperformed expectations with a 2.2 % organic turnover growth. Especially a growing sparkling water department pushed the FMCG producer forward on its way to achieving its own predictions.
Food giant PepsiCo has launched a new restructuring plan: the company will be closing factories and save on employee costs to reinforce its decreasing profitability.
General
Big names such as Procter & Gamble, Unilever, Nestlé, Coca-Cola and Carrefour have started a trial project of collecting empty packaging at their consumers' homes for re-use. They want to reduce waste and create a circular working system.
Snack and beverage giant Pepsico has recorded a slight revenue growth of 2.4 % in the second quarter of this year. Net profit however went 14 % lower, due to rising taxes.
Despite a “tepid” fourth quarter, PepsiCo still managed a slight turnover growth for its full fiscal year, thanks to snacks covering for sodas’ decreased sales. Net profit did plummet.
