Why Economic Reopenings Could Be a Headwind for PepsiCo

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.