A look at PepsiCo Inc.’s third-quarter results by segmentBy AP
Thursday, October 7, 2010
A look at PepsiCo Inc.’s 3Q results by segment
Here’s a look at PepsiCo Inc.’s third-quarter results by segment:
FRITO-LAY NORTH AMERICA: Profits improved on lower costs and higher revenue in the division, which includes Doritos and Fritos. Volume fell 2 percent but revenue rose more than 1 percent to $3.24 billion.
QUAKER FOODS NORTH AMERICA: Volume fell 1 percent while revenue fell 3.5 percent to $407 million. The unit is benefiting from changes to oatmeal and other products in a bid to win back shoppers.
LATIN AMERICA FOODS: Volume rose 5 percent and revenue rose more than 10 percent to $1.54 billion. The company is keeping down costs and focusing on value to snag shoppers.
AMERICAS BEVERAGES: Volume rose 13 percent and revenue more than doubled to $5.79 billion. When the bottler deal is excluded, volume was flat, an improvement from declines in previous quarters. Gatorade’s reformulation continued to drive sales.
EUROPE: Snacks volume rose 3 percent on growth in Eastern Europe, including Poland. Beverage volume jumped 17 percent, also on Eastern European gains. Net revenue rose 47 percent to $2.76 billion.
ASIA, MIDDLE EAST, AND AFRICA: Snacks volume rose 16 percent, with a 20 percent jump in India. Beverage volume rose 4 percent, including high single-digit growth in China. Revenue rose 15 percent to $1.77 billion.
OVERALL: Total snack volume rose 2 percent worldwide, while beverage volume rose 11 percent. Revenue rose 40 percent to $15.51 billion.