PepsiCo exceeded revenue expectations in the fourth quarter, thanks to strong demand for soft drinks outside the United States and the growing popularity of low-sugar and sugar-free drinks in its home market.
International markets lead the way
The food and beverage giant posted quarterly revenue of $29.34 billion (around €27 billion), while analysts had expected $28.97 billion. Growth came mainly from outside North America. The volume of international beverages rose by 3%, while total beverage volume worldwide increased by 1%. Reuters reports that demand for local flavors in India and Brazil, among other countries, boosted sales.
