Pepsico reported $2.29 billion in third-quarter net revenue, in part because of stronger sales in Cheetos, Doritos, and other snack foods.
The company is struggling to keep up with demand for its new “Cheetos Mac’n Cheese” product, Pepsico said.
The company’s Quaker Oats division saw double-digit growth in its pasta and macaroni and cheese dishes.
International sales rose 4 percent, also driven by snack food sales.
New lockdowns in the face of a resurgent COVID virus, such as those in Spain, will slow the beverage market’s return to pre-pandemic sales volumes, the company said.
TREND FORECAST: As we have been forecasting, the longer people are locked down, the more junk foods they are eating. And Pepsi’s soaring sales of Cheetos Mac’n Cheese continue to prove it.
Also, as we have also been reporting, the line from the business mainstream media that people were eating healthy was, as evidenced by obesity and other self-inflicted health illnesses, Presstitute hype.
On the upside of this down trend, when lockdowns are fully eased and fear of dying from the virus subsides, for the now worried majorities, getting back in shape and getting healthy will be a growing trend for OnTrendpreneurs® to profit from.
The main target market will by the 18- to 45 year-old demographic. Currently, the field is wide open, ready to be filled with innovative strategies that will appeal to the higher levels of human consciousness.
