PepsiCo On Target To Hit $2 billion In Online Sales


It makes sense that struggling grocery store chain Kroger (KR) is reportedly kicking middle managers to the curb to cut costs.

Because clearly, more people are shopping for food online — and probably at increasingly tech savvy supermarket giants Walmart (WMT) and Target (TGT). And of course, Amazon (AMZN) lingers as a major force in packaged food delivery.

PepsiCo (PEP) will hit an impressive $2 billion in sales done online this year, CEO Ramon Laguarta told Wall Street analysts on an earnings conference call Thursday. Many of the company’s big brands such as Gatorade and…………..

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