Monday, 10 December 2018


PepsiCo has announced its third quarter 2018 (which ended September 8) financial results, revealing an important growth for the company, while Frito-Lay North America has also recorded a high operating profit. Pepsico CEO Indra Nooyi left the giant company posting a stronger-than-expected quarterly profit on her last day on the job.

Reported net revenue increased 1.5%, while foreign exchange translation had a 2-percentage point unfavorable impact on reported net revenue growth. Organic revenue, which excludes the impacts of foreign exchange translation and acquisitions, structural and other changes, grew 4.9%, according to the report.

Frito-Lay North America 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.

“We are pleased with our results for the third quarter. We continued to see a 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,” said Chair and CEO Indra Nooyi.

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