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April 27, 2022

Good start for PepsiCo in 2022 as first-quarter drinks volumes rise – results data

Value outpaced volumes for PepsiCo's beverage division in North America

By Olly Wehring

  • First-quarter global beverage operations up 6% in volumes
  • PepsiCo Beverages North America sales rise 13% to US$5.35bn in three months to 20 March
  • NA unit’s quarterly volumes increase 3%

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by GlobalData
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PepsiCo has posted a mid-single-digit lift in beverage volumes from the first three months of this year, with its North America beverages operations also performing well in the period.

Yesterday, the snacks and soft drinks group reported a 6% volumes increase from its drinks businesses worldwide during the 12 weeks to 20 March. The ‘PepsiCo Beverages North America’ unit saw value outpace volumes, with its top-line rising 13% on a 5% volumes rise.

Given PepsiCo does not split its soft drinks results from its snacks operations’ figures outside of PBNA, the group said only that its beverages brands “gained market share” during the period in Mexico, Brazil, China and Vietnam.

In subsequent commentary, the Pepsi, Mountain Dew, Gatorade, Rockstar, Lifewtr and Aquafina brands were all credited with delivering double-digit sales growth in North America. Reference was also made to the release in the US last month of nitrogen-infused Nitro Pepsi as well as the commencement of distribution of Hard Mtn Dew in the market in February.

Looking to the full year, the group has upped its sales growth outlook from +6% to +8%, although, again, this was for the business as a whole.

To access PepsiCo’s official first-quarter 2022 results announcement, click here.

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Free Whitepaper
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Understand the impact of decreasing sugar consumption on the F&B market

Growing consumer concern regarding health and wellbeing has increased the focus on reducing sugar consumption. This has driven food and beverage manufacturers, alongside governments, to take measures to meet this challenge. In addition, the pandemic heightened the focus on self-care, including implementing healthy eating to support the immune system. Now more than ever, consumers are paying attention to the amount of sugar and calories in the products they purchase. Access GlobalData’s new whitepaper, The Sugar Reduction Challenge – Past, Present and Future Outlooks within Beverages, to better understand the recent trends in sugar demand, how manufacturers and governments have responded to the challenge, and what solutions are available to the industry. The white paper covers:
  • The key factors behind the recent trends in sugar consumption
  • What is driving consumer choices when shopping for food and beverages?
  • How companies and governments are stepping up their efforts to meet consumers’ expectations
  • The outlook for sugar demand
  • Which ingredients stand to benefit from these future developments?
Enter your details here to receive the free whitepaper.
by GlobalData
Enter your details here to receive your free Whitepaper.

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