During a results briefing today (11 July), PepsiCo said it plans to focus on pushing its premium products and using marketing to drive its top line.
The brand was speaking as it reported net revenue growth of 2% to $15.7bn during its second quarter ending 17 June; this was slightly ahead of the $15.57bn it had originally forecast. And sales in its core North America beverage unit also rose 2% to $5.24 billion.
The company said it witnessed good results across Europe over the second quarter and had benefited from the sale of its minority stake in Britvic. “We continue to deliver strong, reliable results – even as an industry is witnessing some strong shifts,” insisted Indra Nooyi, chief executive at PepsiCo.
Nooyi said Pepsi will continue to deliver strong results by transforming its portfolio to…