PepsiCo’s foreign operations saved the quarter: while the North American home market continues to struggle, the soft drinks and snacks group managed to grow elsewhere. This trend was already clearly noticeable in the previous quarter.
Lower volume
Quarterly revenue rose 2.7% year-on-year to 23.9 billion dollars (21.9 billion euros). However, this growth was entirely attributable to the Europe, Middle East, and Africa (EMEA) region, which accounted for a 5.5% increase in revenue, while PepsiCo Foods North America recorded a 3% decline.
