PepsiCo reported continuing good results attributable in part to the pandemic, even as its international divisions lagged behind.
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.
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