Pepsico reports financial results of Third Quarter 2018

Indra Nooyi steps down as CEO tomorrow. She passes on the baton to Ramon Laguarta Read Indra Nooyi's parting words as she steps down as CEO

October 02, 2018

Source

Pepsico

PepsiCo, Inc. (NASDAQ: PEP) today reported results for the third quarter 2018.

Indra Nooyi, Chairman and CEO of Pepsico:

“We are pleased with our results for the third quarter.”

“We continued to see very strong operating performance from our international divisions, propelled by developing and emerging markets.”

“Frito-Lay North America generated solid net revenue and operating profit growth; and North America Beverages delivered another quarter of sequential improvement in top-line performance.”

“On the strength of our year-to-date results, we have revised upward our full-year organic revenue growth target.”

“Additionally, given the recent strengthening in the U.S. dollar we have revised our full-year core earnings per share target to reflect our updated expectation of an approximate 1 percentage point headwind from foreign exchange translation.”

(Click to enlarge)

Revenue growth by region / business unit and Volume growth for Food / snacks vs Beverages.
* Includes acquisitions, divestitures and other structural changes, as well as sales and certain other taxes. For further information, we refer to the full financial release

Frito-Lay North America (FLNA) operating profit increased 3.5%, primarily reflecting the net revenue growth and planned cost reductions across a number of expense categories, partially offset by certain operating cost increases.