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home / articles / XLP - Salmonella Saga: FDA Reportedly Uncovers Years of Contamination at PepsiCo Plant | Benzinga


XLP - Salmonella Saga: FDA Reportedly Uncovers Years of Contamination at PepsiCo Plant | Benzinga

The PepsiCo Inc. (NASDAQ:PEP) factory responsible for a massive recall of Quaker Oats products has come under scrutiny after U.S. regulators reportedly discovered that salmonella had been present at the facility for up to four years.

The Quaker Oats plant in Danville, Illinois, was closed in April, but the Food and Drug Administration (FDA) has warned that this closure may not be enough to prevent similar contamination issues at other locations, reported Bloomberg.

The recall, which began late last year and involved 22 million cases of Quaker Chewy Bars, has significantly impacted PepsiCo’s financial results.

Sales in the first quarter for the Quaker Foods North America division fell by 24% to $593 million.

PepsiCo ...

Full story available on Benzinga.com

Stock Information

Company Name: SPDR Select Sector Fund - Consumer Staples
Stock Symbol: XLP
Market: NYSE

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