- PepsiCo's Q3 organic sales growth was led by a 9% increase in its European, Middle Eastern, and African segments.
- The results underscored challenges in managing a multinational business where tastes and competitiveness vary across geographical lines.
- Analysts characterized PepsiCo's North America foods business as a problem after the Q3 results.
Quotes
“PepsiCo’s (PEP) third quarter results underscored the challenges in managing a multinational business where tastes and competitiveness vary across geographical lines.”
“Organic sales growth across the business was led by a 9% increase in its European, Middle Eastern, and African segments”