Hints and tips:
...But, of course, there’s a reason why it’s widely called Shitibank; the sprawling, gormless Citi has for a v v v very long time proven adept at blithely ambling onto various rakes around the world....
...Enter Richard Montañez (Jesse Garcia), a Mexican-American man who started working as a janitor at Frito-Lay in the 1970s....
...Last week, a verdict was passed down in the case of Walkers Snack Foods Ltd v Commissioners for His Majesty’s Revenue and Customs, with first-tier tribunal judges Anne Fairpo and Sonia Gable ruling against...
...Email me your thoughts at sid.v@ft.com. Latest news Amy Kazmin in Rome has a fascinating piece on why Giorgia Meloni is pushing back on Italy’s shift to digital payments....
...Walker, however, had an awkward position with regards to the striking factory workers: he also serves on the board of Frito-Lay’s parent, PepsiCo....
...The results showed resilient demand for salty snacks, with Frito-Lay’s organic sales in North America rising 6 per cent....
...In the first quarter, organic sales of Frito-Lay and Quaker products in North America rose 3 per cent and 1 per cent year on year, respectively....
...North American sales of Frito-Lay and Quaker Foods products increased 5 per cent and 8 per cent in the quarter, respectively....
...The trend continued in the third quarter, when sales at the group’s Frito-Lay and Quaker units in North America both rose 6 per cent on an organic basis....
...A sister site, Snacks.com, allows online shoppers to pick from more than 100 Frito-Lay products, such as Doritos crisps and Tostitos tortilla chips....
...Employees working from home are munching on products such as Tostitos tortilla chips, Doritos crisps and Cracker Jack popcorn more frequently than usual, sending sales at the group’s Frito-Lay business in...
...Despite its name, Pepsi gets most of its bite from the snack group, Frito Lay North America. The division generated a quarter of group sales but over half of total operating profit last year....
...Anyway, there’s much to enjoy in the paper for policy wonks, technologists or historians, so do have a read if you want a break from wondering whether we’ll have a V-shaped recovery or not....
...more than 90 per cent since March, and a V-shape recovery is no longer in the cards....
...The rise was led by the company’s Frito-Lay snacks business in North America, which helped offset volume declines at its domestic PepsiCo Beverages business....
...Sales in the quarter were led by Frito-Lay North America, whose brands include Doritos and Cheetos. Revenues at the division rose 5 per cent on an organic basis to $4bn....
...Additional reporting by Shotaro Tani, Jun Suzuki and Ismi Damayanti in Jakarta A version of this article was first published by the Nikkei Asian Review on December 27, 2019. @2019 Nikkei Inc....
...He described a 6 per cent rise in organic sales at its Frito Lay division as “extraordinary”, and added: “We don't expect that rate of growth to continue for the balance of the year.”...
...PepsiCo revealed better than forecast sales in the first three months of the year, as the company behind Mountain Dew soda and Frito-Lay crisps works to keep up with more health-focused consumers....
...However, Frito-Lay North America generates nearly one quarter of the company’s operating profit....
...Frito-Lay North America increased operating profits 3.5 per cent in the 12-week period....
...Despite its name, Pepsi’s strongest unit is its snack group, Frito Lay North America. This generates a quarter of group revenue but more than 40 per cent of profit....
...It will continue to operate independently while reporting to PepsiCo’s Frito-Lay division....
...The better than expected quarterly revenues were instead driven by growth in the Frito-Lay North America snacks division and its overseas divisions....
...Incoming chief executive Ramon Laguarta made clear he viewed the deal as maintaining the direction of Ms Nooyi, who expanded its healthier Quaker Oats division even as it relied on Pepsi-Cola and Frito-Lays...
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