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PepsiCo’s Sales Jump Most in a Decade as Eateries Reopen
- Frito-Lay revenue climbed in second quarter, Quaker Foods fell
- Company extends restructuring program through end of 2026
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PepsiCo Inc. reported the fastest sales growth in at least a decade and raised its forecast, benefiting from thirsty consumers returning to restaurants, bars and stadiums and others diving into bags of chips.
Second-quarter revenue rose 13% on an organic basis, which excludes acquisitions and currency changes, reaching $19.2 billion, the company said Tuesday in a statement. Analysts expected $17.9 billion on average, according to the estimates compiled by Bloomberg.