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PepsiCo bets on higher soda sales as restaurants reopen – Fox Business

PepsiCo Inc said on Thursday it expects organic revenue growth to pick up pace in the second quarter, betting on higher soda sales from restaurants that are gradually…

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PepsiCo Inc said on Thursday it expects organic revenue growth to pick up pace in the second quarter, betting on higher soda sales from restaurants that are gradually reopening following the speedy rollout of coronavirus vaccines.
A pandemic winner, the company has been benefiting from homebound consumers stocking up their pantries with salty chips, sodas and oatmeal and posted first-quarter revenue that beat Wall Street expectations.
“We are assuming that vaccination efforts will accelerate and…

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