PepsiCo's results beat analysts' estimates as lockdowns boost snack sales

Topics PepsiCo | PepsiCo result

PepsiCo Inc beat analysts' estimates for quarterly revenue and profit on Monday, as people stocked up on its snacks including Tostitos, Cheetos and Doritos before hunkering down in their homes due to coronavirus-related restrictions. The company's shares, which are down 1.

6% to date in a tumultuous year for Wall Street, were up about 2% before the bell as investors shrugged off a fall in sales of its sodas due to widespread restaurant closures. "Consumer eating habits continued to evolve, with consumers spending more time.

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