Pepsi Earnings Show Strong Snack Demand
PepsiCo (NASDAQ: PEP) on Thursday reported robust global sales growth at the close of its fiscal 2019 year. The company also projected steady revenue gains in 2020, along with a return to earnings growth.
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Pepsi's organic sales rose 4.3% in the fourth quarter of 2019, which translated into a 4.5% increase for the full year. That result edged past the 4% target that management had initially forecast thanks mainly to gains in the Frito Lay snack division. The consumer staples giant also beat its own outlook for cash flow and operating income .
Source Fool.com
