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October 2, 2020updated 16 Jun 2021 3:55pm

Beverages post “significant improvement” for PepsiCo in Q3

PepsiCo's North America drinks division has seen its latest set of results return to growth after a tough prior period.

  • PepsiCo Beverages North America Q3 sales climb 3% to US$5.96bn
  • Volumes dip 1% for the unit in three months to end of September
  • Nine-month PBNA sales come in flat at +0.5% – $15.77bn – on 2% volumes dip
  • Group sales rise 4.2% in three months, +3.6% in YTD

PepsiCo’s North America drinks division has seen its latest set of results return to growth after a tough prior period.

Almost three months after posting a 1% decrease in sales for the first six months of 2020, PepsiCo Beverages North America this week delivered a top-line lift of 3% in the three months to the end of September. While the unit’s volumes were down 1%, the decline was slower than the 3% slide in the first half.

PepsiCo’s drinks volumes in North America were juxtaposed, with its CSD portfolio down 3% and non-carbonated brands up by the same amount. Both Gatorade and the groups’ energy drinks stable were credited with driving the non-carbonate volumes.

Elsewhere, in geographical terms, Latin America’s drinks volumes fell 7%, with Colombia and Argentina’s strong showings being offset by Honduras, Guatemala and Mexico. Europe, meanwhile, boasted an 11% beverage volume jump, thanks to Germany, France, Russia and the UK. India had a tough quarter, down double digits, although Nigeria enjoyed mid-single-digit volumes growth.

CEO Ramon Lagurta

“Despite the ongoing volatility and complexity in our operating environment, I believe our third-quarter performance reinforces the diversification of our portfolio [and] the resilience and agility of our teams across every continent … .

“These results reflect … a significant improvement in our global beverage business.”

On outlook, the company is projecting a 4% increase in sales from 2020.

To view PepsiCo’s Q3 results statement, click here.

The rise of adaptogens – the continued evolution of health & wellness in soft drinks – Click here for a just-drinks comment

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