Consumers are still reaching for big-name comfort foods as PepsiCo’s Frito-Lay and Quaker divisions both saw increased sales for the quarter ending June 13. Revenue for Frito-Lay North America climbed 7%, while Quaker Foods North America rose 23%.
But with sports stadiums closed and fewer people visiting restaurants and convenience stores, PepsiCo’s North American beverage unit—its largest segment—didn’t fare quite as well. The unit fell 7%. Ultimately, the company’s total revenue declined 3% for the quarter to $15.95
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