PepsiCo's quarterly revenue and earnings exceeded analysts' estimates on Monday, in light of the demand to store its crackers such as Tostitos, Chitose and Doritos before escorting their homes due to the restrictions of the Corona Virus.
Consumers stored snacks, from potato chips to appetizers, after many of them had to work from home and students received their lessons online to curb the spread of the Corona virus.
According to market data from Nielsen, online potato chip sales jumped 93.5 percent and bakery chip sales increased 101.2 percent for the week ending June 20.
For PepsiCo, sales of crackers under the Frito-Lay unit in North America rose by seven percent in the second quarter.
Revenue at PepsiCo's North American beverage unit fell 7 percent after restaurants and cold drink machines were closed and sporting events postponed.
Chief Executive Ramon LaGuarta has indicated an improvement in stores and gas stations, but expects recovery in food service channels, which include restaurants, to take more time.