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Healthier Habits Haven't Stopped the Doritos and Cheetos Snack Boom

July 30, 2014
Snacks, not fizzy drinks, served once again as the highlight of PepsiCo’s (PEP) quarterly performance last week. Revenue from its Frito-Lay division increased 2 percent in North America, according to an earnings report released Wednesday, while beverage sales in the region remained flat.

Pepsi Chief Executive Indra Nooyi told analysts on a conference call that revenue from sales of Lay’s, Doritos, and Cheetos increased, in percentage terms, in the low to high single digits, driving some of the company’s growth for the quarter. She also mentioned strong results in dips, including the Sabra hummus brand, as well as crackers and Smartfood popcorn.

Link to Pepsico's latest Quarterly earnings reports

By now the narrative that consumers are making more health-conscious decisions about what they eat and are buying more fresh foods has become well established. But that doesn’t mean we’ve totally given up snacking, and sales of such packaged foods as chips and snack bars reflect this fact.
Companies in this Article
Frito-Lay North America (FLNA) includes Pepsico's snack operations in the United States and Canada where the company dominates the market with a range of savory snacks brands including Lay's, Ruffles, Doritos, Tostitos, Fritos, Cheetos and Sunchips
PepsiCo is one of the world's leading food and beverage companies with over $65 billion in net revenue in 2012 and a global portfolio of brands, including several savory snack brands.