Net revenue increases by half a percent in Q2 for PepsiCo
CEO increases EPS growth target for 2014 following strong YTD results
PepsiCo Inc., Purchase, N.Y., reported organic revenue growth of 3.6 percent and reported net revenue growth of 0.5 percent in the second quarter of 2014, compared with the prior-year period. Global beverages experienced 2 percent organic revenue growth and a 1 percent reported net revenue decline because of unfavorable foreign exchange translation and the company’s refranchising of its bottling operations in Vietnam, it says.
For PepsiCo Americas Beverages (PAB), organic revenue increased 1 percent in the quarter, reflecting slight organic volume gains and effective net pricing. Reported net revenue was even versus the prior-year quarter, reflecting a 1-percentage-point impact from unfavorable foreign exchange translation.