PepsiCo Bounces Right Back to Sales Growth
PepsiCo (NASDAQ: PEP) has hardly missed a beat through the pandemic. On Thursday the food and beverage giant announced that sales trends returned to positive territory in the three months ended in early September. The rebound came just one quarter after COVID-19 severely disrupted its growth trends starting in late February.
Organic sales in the third quarter rose 4% compared to last quarter's flat result, the company revealed. That boost was powered by strong volume gains in the Frito-Lay snack business and in the Quaker Foods division, which is winning market share even as more consumers eat at home.
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Source Fool.com
