Sales Surge, But Rising Costs Take a Bite Out of PepsiCo's Profits in Q4
PepsiCo (NASDAQ: PEP) reported fourth-quarter and fiscal year results on Thursday, Feb. 10. The global beverage and snack company delivered robust sales growth, but widespread inflation affected profits.
The coronavirus pandemic is making it challenging for companies like PepsiCo to operate. An infection at one of its facilities could reduce output, decreasing sales and profits. Meanwhile, the same is true for PepsiCo's suppliers, raising the costs to secure the materials it needs. Let's look closer at PepsiCo's Q4 results.
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Source Fool.com
