PepsiCo grows in 2020: revenues at $ 70.37 billion (+ 4.8%)
Accelerated in the 4th quarter, with sales + 8.8%
PepsiCo in the year ended December 26, 2020 had net sales of $ 70.37 billion. Operating profit was $ 10.08 billion, down 2% from last year's $ 10.29 billion figure. The company's division into Asia Pacific, Australia, New Zealand and China saw operating profit increase by 24%. But it is the division in Africa, the Middle East and South Asia and recorded the best performance in net revenues (25%).
Undoubtedly PepsiCo benefited from the home consumption of its snacks, which include Cheetos and Doritos, and Frito-Lay recorded net revenue growth of 7%. In fact, the company's other largest division, PepsiCo Beverages North America, reported an 11% drop in operating profit.
"We ended the year on a positive note with our global beverage business accelerating while our global snack and food business remained resilient in the fourth quarter," announced Ramon Laguarta, president and CEO of PepsiCo. . "Our results were indicative of the strength and resilience of our highly dedicated employees, diversified portfolio, agile supply chain and go-to-market systems, and strong market execution even in the face of the difficult challenges of Covid-19".
EFA News - European Food Agency