CPG
Pepsico Revenue Falls 3% As Pandemic Hits Beverage Sales but Boosts Snacks Business
Pepsico has announced in its quarterly results that its quarterly revenue fell due to individuals buying the brand's drinks less at restaurants or convenience stores thanks to the pandemic. Pepsico's sales fell 3.1 percent during the second quarter. However, its food business, such as Frito Lay and Quaker Oats, have started faring better. The brand has also said it wouldn't provide an outlook for fiscal 2020 due to the....