PepsiCo has posted a strong jump in year-to-date group profits, despite what it describes as “ongoing macro-economic volatility” in many of its markets.
Net profits in the nine months to 7 September were up by 10% year-on-year, to US$5bn, the group said today (16 October). Net sales rose by 1.6% to $46.3bn over the same period, while operating profits climbed by 6% to $7.3bn.
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In the group’s PepsiCo Americas Foods division, operating profit climbed 8% to $3.99bn, while sales were up 5% to $17.23bn.
Frito-Lay North America experienced operating profit growth of 7% to $2.71bn in the period. Sales in the division were up 4% to $9.88bn.
“We’re pleased with our performance,” said CEO Indra Nooyi. “PepsiCo has delivered double-digit core constant currency earnings per share growth year to date, despite ongoing macro-economic volatility in many markets. We’re able to perform well in these conditions because our brands are strong, our product portfolio is on-trend, and our geographic footprint is broad and diverse. Importantly, we have continued to make marketplace investments to strengthen our foundation for sustainable growth.”
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