- 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.