PepsiCo Inc. said its profit rose for the recent quarter as sales grew, despite uneven recoveries across its international markets and weather-related disruptions in the U.S.
The food-and-beverage company Thursday posted net income attributable to the company of $1.71 billion for the fiscal first quarter, compared with $1.34 billion in the prior year. Earnings were $1.24 a share, compared with 96 cents a share.
Adjusted earnings were $1.21 a share, the company said. Analysts polled by FactSet had been expecting $1.12 a share.
For the quarter ended March 20, net revenue rose to $14.82 billion from $13.88 billion, the company said. Analysts were looking for $14.55 billion. Revenue grew 2.4% on an organic basis.
Revenue for Frito-Lay North America rose 4%. Quaker Foods North America revenue rose 2%, and its North America beverage segment's revenue rose 5%, the company said.
In Latin America revenue fell 5%, and revenue in Europe fell 2%, the company said. Revenue rose 40% in Africa, Middle East and South Asia, and it rose 70% in Asia Pacific, Australia and New Zealand and the China region, PepsiCo said.
PepsiCo, Inc. is one of the worldwide leaders in producing non-alcoholic beverages and snacks. Net sales break down by area of activity as follows:
- North America (60.8%): sale of beverages (49.7% of net sales; sodas, concentrated juices, water, tea and coffee-based beverages; Aquafina, Diet Mountain Dew, Diet Pepsi, Gatorade, Gatorade Zero, Mountain Dew, Pepsi, Propel brands, etc.), snacks (44.7%; chips, tortillas and pretzels; Lay's, Doritos, Tostitos, Cheetos, Fritos, Ruffles, etc.), and cereals (5.6%; ready-to-eat cereals, rice, wheat, etc.);
- Europe (14.5%): sale of snacks (Cheetos, Chipita, Doritos, Lay's, Ruffles and Walkers brands) and beverages (7UP, Diet Pepsi, Lubimy Sad, Mirinda, Pepsi and Pepsi Max);
- Latin America (12.7%): sales of snacks (Cheetos, Doritos, Emperador, Lay's, Mabel, Marias Gamesa, Ruffles, Sabritas, Saladitas and Tostitos brands) and beverages (7UP, Gatorade, H2oh!, Manzanita Sol, Mirinda, Pepsi, Pepsi Black, San Carlos and Toddy)
- Asia/Pacific/Australia/New Zealand (6.7%): sale of snacks (BaiCaoWei, Cheetos, Doritos, Lay's and Smith's brands), beverages and syrups (7UP, Aquafina, Mirinda, Mountain Dew, Pepsi and Sting);
- Africa/Middle East/South Asia (5.3%): sale of snacks (Chipsy, Doritos, Kurkure, Lay's, Sasko, Spekko and White Star brands) and beverages (7UP, Aquafina, Mirinda, Mountain Dew and Pepsi).
Net sales are distributed geographically as follows: the United States (57%), Mexico (7.7%), Canada (4.1%), Russia (3.9%), China (3%), the United Kingdom (2.1%), Brazil (1.9%), South Africa (1.9%) and other (18.4%).
PEPSICO, INC. 
