While the beverage giants were cautious in April when the Covid pandemic had confined more than half of humanity, Pepsico, it seems, has weathered the period rather better than expected. First of the large consumer groups to detail its accounts on this delicate second quarter marrying containment and deconfinement, the owner of Pepsi, Lay's, Tropicana, Quaker Oats…, which realizes almost half (46%) of its sales in drinks, revealed a stable organic turnover (- 0.3%) over the period from April to mid-June, at 15.9 billion dollars (14 billion euros).
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In the first six months of 2019, it even increased by 3.3%. The reason: the performance of its snacking products, such as its Lay's, Doritos, Cheetos or Fritos crisps, whose family sizes have made a splash in supermarkets. Especially in the United States (60% of activity), where the segment jumped 7%. Another factor: its brand of oatmeal
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