Pepsi Aims for Steady Growth in 2020
Investors were optimistic heading into PepsiCo's (NASDAQ: PEP) fourth-quarter earnings report. While the company hadn't enjoyed the same demand rebound in sodas that rival Coca-Cola (NYSE: KO) had in 2019, its wider portfolio still showed solid overall growth.
In its earnings report last week, Pepsi again trailed its larger beverage rival. But robust demand for Frito-Lay snack foods lifted sales and positioned shareholders for a return to annual profit growth in 2020.
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Source Fool.com
