pepsico earnings call 2020

That's helping us navigate better the current situation, and we'll continue to do so.

Out of stocks obviously is always going to be a big question for them because if you get a lot out of stocks, you have to go to the store.

We're investing in those. So that is the level of the commitment we have with our partners. Mr. Pamnani, you may begin.Thank you, operator. So those four are probably the most critical kind of factors that impact the business, and that's what we're modeling for various scenarios as we go forward. It's been a complex process because Bang had between 250, 300 distributors across the country. Q4 2019 PepsiCo Earnings . I guess that doubled in North America in the quarter.

So, we're seeing all of those components working for us in the future. Great.

And also, the same with integrating Rockstar in parts of the country that we didn't distribute the brand in the past. Anyway, which sort of defeats the purpose.And then, the other one is, to the degree that they're paying any kind of an up charge, is it worth the money? Organic revenue declined 7% due to declines in the convenience and gas and foodservice channels, which more than offset good growth in other channels such as grocery, mass and dollar stores. However, we do expect an uneven recovery in international markets, as a greater level of macroeconomic uncertainty would likely persist due to varying responses and measures by country to address pandemic-related impacts and population mobility; a greater volatility in travel and tourism trends; and greater differences in disposable income and affordability. Foodservice trends have also improved, but this channel continues to be in decline and would likely take a bit more time to recover. So you see channels like transportation still very low, hospitality still very low, universities closed, you saw restaurants coming back, especially more informal type of restaurants coming back and more formal restaurants less so. So, we have to be super-selective on where do we put the money in every single line of the P&L. Listen, let me try, and then Hugh will add some comments as well. We remain committed to leveraging our strengths and principles, what we call The PepsiCo Way, to help guide our business leaders and associates in both good and difficult times. So, I think, we are -- we become better, and sometimes a crisis helps to be more selective and to be more impactful and to kind of generate internal momentum against simplification, and against focus -- against fewer and bigger. The number going forward will be less than that. 2019.

But we see a big correlation between mobility and convenience store or on-premise -- sorry, small channel performance.

We've kept them relevant to the consumer. Thanks.Sure. We're seeing that more and more.
If so, how do you drive that behavior? Consumer eating habits continued to evolve with consumers spending more time at home, which benefits the at-home breakfast, snacking and dinner occasions.Organic revenue at Frito-Lay North America grew 6%, and we gained share -- market share in salty, savory and macro-snacks in the quarter. Hello, Laurent.

Front-line and employee costs will still be there, but that number should be moderated pretty significantly going forward. And so that is the focus of the teams.I think, we've been agile, we've been closer to our partners, we've been transparent with our supply chain challenges in some cases. So was the strong price mix in PBNA a function of lower promos in the quarter? Bryan Spillane — Bank of America — Analyst

Good morning. In addition, we gained market share in ready-to-drink coffee, tea and enhanced waters during the quarter, while our market share trends improved in carbonated soft drinks, sports drinks, and juices as the quarter progressed.Core operating profit declined due to higher COVID-19-related costs, including expenses for employee safety, sanitation and frontline incentives, lower volume and unfavorable channel mix dynamics.Before I conclude on beverages, I'm also pleased to know that our transition and integration process with Rockstar and the distribution of Bang Energy is nearly complete. I think a lot of that will be dependent on how much consumers or shoppers find that the experience is very good for them. Good morning, everyone. So, we're not kind of getting into piecemeal guidance but that should give you a little bit of a sense as to the types of things that are going to be ongoing and the types of things that ought to diminish pretty significantly.Yeah, Bryan, the most important component as you can imagine or factor that impacts this is the number of infected employees that we have, right, and therefore the quarantine number.

And early signals of it is that they're -- we're getting support and that we're executing with good quality. So, I would say, the reception from our retail partners has been very positive.
We've modernized them.