International snack sales was the key driver for rising annual profits at US-based food and beverage giant PepsiCo.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The cola-to-crisps maker booked a 10% rise in underlying annual profits for 2007 after seeing its revenues climb 12%.
PepsiCo posted operating profit of US$7.2bn; revenue reached $39.5bn.
Chairman and CEO Indra Nooyi said: “Our strong top- and bottom-line results in 2007 once again demonstrated the balance and strength of our global portfolio.”
The company saw its international snack sales rise 9% by volumes, thanks to double-digit growth in markets including Russia and Turkey.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataIn North America, snacks volumes rose 3% thanks to PepsiCo’s Doritos brand.
More to follow…
