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PepsiCo: Reports First Quarter 2019 Results

Purchase / NY. (pci) PepsiCo Inc. announced its financial results for the first quarter 2019, that ended on 23 March. «We are pleased with our results for the first quarter,» said Chairman and CEO Ramon Laguarta. «While adverse foreign exchange translation negatively impacted our reported net revenue performance, our underlying organic revenue growth accelerated to more than 5 percent in the quarter. Frito-Lay North America and each of our international divisions delivered particularly strong operating performance, and PepsiCo Beverages North America generated sequential quarterly net revenue acceleration.»

Laguarta continued, «We are equally pleased with the progress we are making on our ambitious agenda to invest to build capabilities, strengthen our brands, and add capacity to grow. With our strong start to the year and good momentum on our key priorities, we remain confident in achieving the 2019 financial targets we communicated earlier this year.» For further details please read PepsiCo’s PDF file below.