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.”
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 releaseFrito-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.
