Snack and soft drink producer PepsiCo closed the first quarter of the year with more profit on higher sales. The company was particularly surprised with the sale of snacks. The American company benefited from the extra efforts it made to market this group of products. There is also an increasing demand for healthier snacks.
The quarterly turnover of the maker of, among others, Pepsi, Lay’s and Dorito’s increased on an annual basis by 2.6 percent to 12.9 billion dollars. The company performed better than what experts took into account. Profit increased from $ 1.3 billion to $ 1.4 billion.
PepsiCo recently frightened investors somewhat with disappointing forecasts for this year. The company was counting on less profit as a result of the extra advertising and marketing expenses. On the other hand, PepsiCo promised to tighten the belt, including by focusing on further automation of work processes.
Peretz M. is an accomplished economist and financial journalist with a deep understanding of the global economy and financial markets. He is a regular contributor to EconomicInform, where he provides expert analysis and commentary on current economic trends and events. With a strong educational background in economics, Peretz has a talent for breaking down complex economic concepts for a general audience and is able to provide insightful perspectives on a wide range of economic issues.