PepsiCo has reported an increase in net profits for its first quarter, driven by volume gains in its worldwide snacks and international beverage divisions.

For the three months to the end of March, the company earned US$1.43bn, a 26% increase on the prior year. Group net sales increased to $9.37bn compared to sales of $8.26bn in the 2009 period, PepsiCo said today (22 April).

Operating profits, however, took a 26% drop to $840m as a result of $85m merger and integration payments associated with its bottling acquisitions, and $26m related to 2009 restructuring charges.

Despite this, PepsiCo chairman and CEO Indra Nooyi said PepsiCo’s broad portfolio performed “well” in the quarter.

“Our operating agility and solid marketplace execution enabled us to deliver strong financial and operational performance. Our macrosnacks business gained share in key markets and we posted solid performance in beverages supported by the benefits of the acquisition of our two largest bottlers, growth in developing markets and improving top-line trends in North America,” Nooyi said.

For fiscal 2010, PepsiCo said it is targeting an 11% to 13% growth rate for core constant currency EPS off of its fiscal 2009 core EPS of $3.71, with about 6% growth in core constant currency EPS in the first half of the year.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Click here for the full release and check back later for further insight into PepsiCo’s first quarter results.

Subscribe to Just Drinks for just £1 for 1 month

Stay ahead with unbiased news, expert commentary, and in-depth features on global topics.

As a trusted provider of data and insights, Just Drinks collaborates closely with industry leaders and professionals to offer unique thought leadership and analysis. Gain a deeper understanding of the drinks industry’s trajectory and the priorities shaping the profession.

What’s included in your subscription:
  • Personalized Access: Secure login to Just Drinks
  • Industry News & Expert Commentary: Timely updates and exclusive C-level interviews.
  • Case Studies & Deep Dives: Real-world applications and in-depth analyses.
  • Exclusive Subscriber Newsletter: Weekly top features, plus a new thematic report and webinar.

Ready to stay informed?

Subscribe to unlock exclusive content.

Already a subscriber? Sign in to access your account.

Pleasecomplete this form to request more information, and a representative will be in touch shortly.

Just Drinks Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Drinks Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now