America's appetite for Funyuns helped boost PepsiCo's sales in the first quarter.
The snacks and beverage giant reported net revenue growth of 6.8% in the 12 weeks that ended on March 20 compared to the same period last year. That's a pretty good showing, given the pantry loading frenzy that took hold of Americans around this time last year.
What's behind the sales boost? PepsiCo's strategic acquisitions and people's love for snacks, among other things.
Lay's had low-single digit growth, the company said Thursday. Tostitos and Doritos grew in the mid-single digits, while Ruffles delivered high-single digits sales growth during the quarter.
But the small and mighty Funyuns brand posted double-digit growth, as did Off The Eaten Path, which has veggie puffs and hummus crisps.
PepsiCo also called out its Doritos 3D Crunch and Cheetos Crunch Pop Mix as growth drivers. Some of its beverages, like Bubly and ready-to-drink coffee beverages it sells in partnership with Starbucks, also delivered high growth during the quarter.