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...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....
...North America up 6 per cent in the second quarter on an organic basis....
...The coronavirus pandemic has turned the US government into a financing source of last resort for swaths of corporate America, but the socialisation of risk and the picking of winners and losers has concerned...
...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....
...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....
...“The cost of achieving growth is increasing,” said Bonnie Herzog, analyst at Wells Fargo. Sales in the quarter were led by Frito-Lay North America, whose brands include Doritos and Cheetos....
...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.”...
...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....
...PepsiCo makes some of the best-known American snacking staples, including Pepsi sodas, Doritos and Tostitos tortilla chips, Fritos corn chips, Lay’s crisps and Cheetos cheesy puffs....
...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....
...The better than expected quarterly revenues were instead driven by growth in the Frito-Lay North America snacks division and its overseas divisions....
...It was boosted by another strong quarter for its Frito-Lay snacks business, which reported organic sales up 5 per cent....
...Mr Musk first unveiled the truck last month, and it is expected to have a range of 800km when it goes into production in 2019....
...salt, fat and sugar in their diets — a challenge for the maker of Frito-Lays crisps and Pepsi-Cola carbonated drinks....
...At Frito-Lay North America, the group’s snack business and second largest unit, sales rose 3 per cent to $3.6bn....
...The US beverage and Frito Lay snacks group said the disposal would not affect what it described as its “longstanding and valued bottling relationship with Britvic.”...
...These uncertainties prompted the maker of Frito-Lay snacks and Naked Juice smoothies to give cautious guidance for this year, saying it expects adjusted earnings of $5.09 this year, short of the $5.15 forecast...
...While Vivek Sankaran, COO of Frito Lay in the region has similarly become president and COO of the snack business for North America....
...Revenue at Pepsi’s North American Frito-Lay and beverages divisions both rose 3 per cent, although those from its Quaker business dropped 2 per cent....
...One explanation lay in the rising economic insecurity in parts of the country hit by losses of jobs to automation and globalisation, they suggested....
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