PepsiCo has today reported global organic revenue growth of 3.5%, and 11% core constant currency EPS growth for the first quarter of 2016.
Chairman and CEO Indra Nooyi said, “We delivered strong first quarter operating results driven by balanced execution of our commercial agenda and productivity programs.
'Our marketing initiatives and new product launches are generating solid organic top line growth, and our focus on driving greater efficiency throughout our operations contributed significantly to attractive core gross margin expansion.
“We are off to a strong start to the year and that gives us added confidence in achieving our financial objectives for 2016.”
Consistent with its previous guidance for 2016, the company expects approximately 4% organic revenue growth.
PepsiCo in the UK & Ireland employs over 5,000 people across 14 locations. These locations include the Quaker Oats mill at Cupar in Scotland, a world-leading potato crisp manufacturing plant in Leicester and the Copella apple juice plant at Boxford in Suffolk, as well as a number of other manufacturing, distribution and administration sites.