Daily Archives: April 26, 2018

PepsiCo reports strong start to year despite struggles with soda business

PepsiCo on Thursday reported its first quarter results for 2018, with revenue growing 4% to $12.6bn from $12bn in 2017. The growth was helped by a 3% sales rise in its Frito-Lay North American snacks business.

On the International front, the company reported strong growth in Latin America and Europe Sub-Saharan Africa, which recorded 14% and 15% growth, respectively.

The soft drinks giant said its Quaker Foods North American division had flat sales, while its North American Beverages unit, which houses its soda drinks declined by 1%.

“North American beverages sector continues to work through some challenges,” said the company’s CEO Indra Nooyi.