PepsiCo Reports Better-Than-Expected Second Quarter Results
10 Jul 2015 --- PepsiCo, one of the world’s largest food and beverage companies, has reported organic revenue growth of 5.1% and raised its core constant currency EPS growth target to 8% (previously 7%).
"Our results also reflect our keen focus on innovation, brand building and marketplace execution,” she continued. “Through scientific R&D and strategic insights, we are developing sustainable innovation to offer consumers the range of food and beverage choices they're looking for and creating a powerful platform for growth. As a result, we continue to drive growth for our retail partners. Notably, in the second quarter, PepsiCo was once again the largest contributor to retail sales growth in the US, our largest market, among all food and beverage manufacturers, with over $400 million of retail sales growth in all measured channels.”
"The macroeconomic environment around the world remains volatile and foreign exchange headwinds persist in many of our international markets. The steps we are taking to manage our businesses responsibly - such as taking pricing actions and optimizing our global sourcing - are clearly contributing to high-quality top and bottom-line year-to-date results and position us well for the remainder of 2015,” Nooyi said.
