PepsiCo Sales Up 6.8%

PepsiCo reported continuing good overall results attributable in part to the pandemic, even as its international divisions showed uneven results.

In its first fiscal quarter, PepsiCo posted net sales of $14.82 billion, a 6.8% rise from the same quarter last year. Organic revenue, which excludes acquisitions and currency fluctuations, went up 2.4%.

Organic revenue went up 3% for the Frito-Lay North America division, while the North American beverage division went up 2%. Growth there, while hurt by continuing suppression of the foodservice market, was helped by well-performing products including Bubly sparkling water, Rockstar energy drinks and Starbucks ready-to-drink coffee.

Internationally, PepsiCo had unchanged revenue in Europe; it was down 1% in Africa/Middle East/South Asia; it rose 3% in Latin America, and 18% in Asia-Pacific.