• Half-year group net profits increase by 3.3% to US$3.21bn
  • Sales in six months to 14 June flat at $29.52bn
  • Operating profits in H1 lift by 3.9% to $4.70bn
  • Q2 net profits slip by 2% to $1.98bn
  • Sales in three months to 14 June inch up by 0.5% to $16.90bn
  • Operating profits in Q2 up by 1% to $2.90bn
  • Group beverage volumes in Q2 increase by 1%
PepsiCo released its Q2 and H1 results earlier today

PepsiCo released its Q2 and H1 results earlier today

PepsiCo has reported a 1% lift in beverage volumes in its second quarter, although net profits in the three-month period fell slightly.

“Despite operating in what continues to be a challenging and volatile macro environment, we are delivering consistent, strong results. Based on the strength of our year-to-date results and our outlook for the remainder of the year, we’re increasing our full-year, core constant currency EPS growth target to 8%.” - chairman & CEO Indra Nooyi

Outlook

"The company now expects 8% (an increase from the company’s previous target of 7%) core constant currency EPS growth in fiscal 2014 versus its fiscal 2013 core EPS of $4.37.

"Excluding the impact of structural changes and foreign exchange translation, organic revenue in 2014 is expected to grow mid-single digits versus 2013."

For a drilldown into PepsiCo's half-year and Q2 results, click here. Coverage of the post-results conference call can be found here, while an analysis of the results is available here.

For the company's official statement, click here.

To read an exclusive two-part interview with PepsiCo's chief scientific officer, click here.