PepsiCo’s strong year continued with a set of robust third-quarter results, published today (11 October).
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The US food and beverage titan booked a 10% rise in operating profit on the back of a 11% increase in net sales.
Chairman and CEO Indra Nooyi said: “All of the company’s operating divisions successfully navigated through an environment of higher input costs in order to deliver balanced top- and bottom-line performance.”
In North America, Frito Lay saw profits climb 7% on the back of pricing gains. Sales were up 6%, while volumes rose 2%.
However, the company’s Quaker Oats business dipped slightly, seeing volumes fall 2%. Sales and profits both rose 2%.
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By GlobalDataInternationally, snacks volume grew 7%, driven by double-digit growth at Gamesa in Mexico, Russia, the Middle East, Brazil, China and India.
