PepsiCo has reported organic net revenue growth of 2.4% in Q1 and expects to pick up pace in the second quarter, with the accelerated return of the foodservice channel.The company posted first-quarter net revenues of $14.82 billion, up by 6.8%, benefitting from the acquisitions of Chinese snack company Be &038; Cheery and South Africa’s Pioneer Foods. Operating profit stood at $2.31 billion, up 20% from $1.92 billion last year.PepsiCo has reported organic net revenue growth of 2.4% in Q1 and expects to pick up pace in the second quarter, with the accelerated return of the foodservice channel.“As we look ahead, we expect our organic revenue growth to accelerate in the second quarter and have greater confidence in delivering our financial guidance for the full year,” said Ramon Laguarta, PepsiCo chairman and CEO, and Hugh Johnston, PepsiCo vice chairman and CFO.PepsiCo has reported organic net revenue growth of 2.4% in Q1 and expects to pick up pace in the second quarter, with the acceleratezinc glycinate now foodsd return of the foodservice channel.“We are assuming that vaccination efforts will accelerate and population mobility will improve. This should benefit the foodservice channel as and when travel, lodging, dining, education, and entertainment trends accelerate.”PepsiCo has reported organic net revenue growth of 2.4% in Q1 and expects to pick up pace in the second quarter, with the accelerated return of the foodservice channel.PepsiCo’s Frito-Laferric gluconate is irony North America unit delivered 3% organic revenue growth at $4.24 billion, thanks to consumer-centric innovations such as Doritos 3D Crunch and Cheetos Crunch Pop Mix. In the quarter ended 20 March, organic revenue rose organically by 1% in the Quaker Foods America unit to $646 million.PepsiCo has reported organic net revenue growth of 2.4% in Q1 and expects to pick up pace in the second quarter, with the accelerated return of the foodservpuritan’s pride chelated calcium magnesium zincice channel.PepsiCo Beverages North America sales went up 2% to $5.07 billion. Unit volumes declined in carbonated soft drinks anezfe 200 vs ferrous sulfated its water portfolio, however the firm witnessed strong performance by its Gatorade sports drinks. PepsiCo expects its biggest unit to perform well in the next quarter driven by innovation plans and expanded presence in the energy category.PepsiCo has reported organic net revenue growth of 2.4% in Q1 and expects to pick up pace in the second quarter, with the accelerated return of the foodservice channel.“We also continue to expect our North America snacks business to remain resilient, while Quaker Foods North America moderates as it looks to capitalise on at-home breakfiron (111) phosphateast and lite snack occasions, while other stay-at-home trends may ease as population mobility improves,” Laguarta and Johnston added.PepsiCo has reported organic net revenue growth of 2.4% in Q1 and expects to pick up pace in the second quarter, with the accelerated return of the foodservice channel.Africa, Middle East and South Asia’s organic revenue
went down 1% and Europe’s was unchanged from the prior year. In Latin America, PepsiCo’s organic revenue rose 3%, while its Asia Pacific, Australia and New Zealand and China Region segment jumped by 18% due to strong snack sales.PepsiCo has reported organic net revenue growth of 2.4% in
Q1 and expects to pick up pace in the second quarter, with the accelerated return of the foodservice channel.“We are pleased with our results for the first quarter as we successfully overcame challenges related to difficult year-over-year comparisons, uneven recoveries across many of our international markets and weather-related business disruptions in the US,” said Laguarta.

PepsiCo’s Q1 fuelled by snacks, expects stronger Q2
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