The sale of a stake in its Vietnam business last year hit sales for Pepsico in Q2

The sale of a stake in its Vietnam business last year hit sales for Pepsico in Q2

Earlier today (23 July), PepsiCo reported its half-year and second-quarter results, with profits in the half-year rising by 3% on flat sales, and Q2 profits dipping by 2%. Global beverages in the three months to 14 June recorded a rise in organic sales of 2%, but a 1% fall in reported terms.

Here, we take a closer look at the figures.

PepsiCo Americas Beverages, the group's only division that deals solely with beverages, saw sales in Q2 rise by 1% in organic terms, thanks to "slight" volume gains and "effective" net pricing. North America posted a 2% fall in CSD volumes, while non-carbonated volumes in the continent were up by 1%. Total volumes in Latin America were up by 3%.

In Europe, group sales rose by 5%, with beverages reporting a volumes lift of 1%.

A 7% lift in group sales in Asia, Middle East & Africa was supported by 2% volume growth from the drinks portfolio.

PepsiCo noted that the divestment of 51% of its Vietnam beverage business last year "had a slight negative impact in the quarter".