PepsiCo’s net revenue was US$63.5 billion, a 1.2% year-on-year increase, boosted by its snacks category, which offset its struggling beverages segment. Its pretax profit was up 10.9% to US$9.6 billion, amid high revenue and reduced management costs. Capitalizing on increased protein consumption, Tyson Foods' sales rose by 3.6% to US$38.2 billion, with pretax revenue rising by 1.14% to US$2.63 billion.
Kraft Heinz's sales were down 1% to US$26.2 billion, despite higher prices, due to falling shipments of several products, including nuts, cheese, coffee and cold cuts. However, lower expenses saw its pretax profit grow by 9.2% to US$5.53 billion.
Coca-Cola's net revenue, affected by refranchising initiatives, fell by 15% year on year to US$35.4 billion, while pretax profit dropped from US$8.1 billion to US$6.7 billion. The company enjoyed significant growth in several categories, including plant-based beverages, sparkling soft drinks and dairy, which offset soft soda consumption.