PepsiCo Sales Up 6.8% Despite Unbalanced Economic Recovery Its International Markets

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PepsiCo reported quarterly earnings that topped analyst estimates even as the company saw uneven recoveries in its international markets.

PepsiCo also reported organic net revenue growth of 2.4% in Q1 and expects to pick up pace in the second quarter, with the accelerated return of the foodservice channel.

Operating profit stood at $2.31 billion, up 20% from $1.92 billion last year.

Reported (GAAP) First-Quarter 2021 Results

PepsiCo Sales Up 6.8% Despite Unbalanced Economic Recovery Its International Markets Brandspurng

Chairman and CEO, PepsiCo, Ramon Laguarta said,

“We are pleased with our results for the first quarter as we successfully overcame challenges related to difficult year-over-year comparisons, uneven recoveries across many of our international markets and weather-related business disruptions in the U.S.,”

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“Our results are indicative of the strength and resilience of our highly dedicated employees, diversified portfolio, agile supply chain and go-to-market systems and strong marketplace execution. And we remain fully committed to executing against our key set of priorities to become a Faster, Stronger and Better organization and win in the marketplace.”

“Following our first-quarter results, we have greater confidence in delivering on our financial guidance for the full year.”

PepsiCo Targets 100% Renewable Electricity Globally

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