Food
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.
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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.
PepsiCo is in the eye of a social media storm, because it wants to market “female friendly” Doritos. Soon, it will launch a range of new products that perfectly fit a hand bag, does not crackle as much and do not stick.
PepsiCo surpassed its second quarter profit forecast thanks to higher soda and snack prices in North America. It also sold its minority stake in British bottling company Britvic.
PepsiCo is allegedly in talks with coconut water Vita Coco’s shareholders to discuss an acquisition deal. Belgian families de Spoelberch and de Mévius, who also own beer giant AB InBev, own nearly half of Vita Coco’s shares.
PepsiCo trumped analysts’ expectations (which stood at 11.98 billion dollars) in its first quarter of 2017, with a 2 % turnover increase to 12.04 billion dollars (11 billion euro).
Drink manufacturer PepsiCo's Lifewtr brand is a new premium water brand designed to compete with competitor Coca-Cola's Smartwater brand.
Belgian drinks manufacturer Konings has acquired PepsiCo's fruit juice production facility in Britishin Boxford, which makes Copella's and Trop50's juices. Back in 2011, the company acquired PepsiCo's Looza filling plant in Borgloon as well.
American food giant PepsiCo had another disappointing quarter as its turnover dropped 3 %, while profit even plummeted a quarter, partially because of the expensive dollar and weaker Latin American and European results.
