PepsiCo Boosted by International Growth as US Sales Drop

Bloomberg04-23

North American food and drinks units suffer decline in volumeQuaker Oats sales plunge 24% after salmonella scare recallPepsiCo Inc. posted stronger-than-expected sales growth thanks to robust demand ...

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Emerging markets such as Mexico, Brazil and China delivered double-digit organic revenue growth, as did Australia, while sales in Britain were up by the high-single-digits.After a period of the highest inflation in four decades, branded consumer goods makers have suffered declining volumes as shoppers, especially in the US, switch to supermarket own-brands. Pepsi’s North American food and drinks divisions sold fewer goods by volume compared with a year earlier. Drinks volumes were down 5% in the region.North American revenue from Quaker Foods, the oats brand, fell 24% after the company expanded a recall to include more cereals, bars and snacks due to a risk of salmonella. 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