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Why Economic Reopenings Could Be a Headwind for PepsiCo

·3 min read
Why Economic Reopenings Could Be a Headwind for PepsiCo
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PepsiCo (NASDAQ: PEP) was a beneficiary of the coronavirus-induced pantry stuffing that occurred at the onset of the pandemic in early 2020. This could have been bad news for PepsiCo, but the company has a lower market share of products sold through away-from-home channels like restaurants, movie theaters, and entertainment and sporting venues. Fortunately, COVID-19 infection rates are decreasing in parts of the world where PepsiCo and Coca-Cola operate, and subsequently, governments are easing business restrictions and reopening economies.