PepsiCo's Growth Story Becomes More Internationally Focused

Earnings

โดย Zacks Investment Research·

Summary · why it matters

PepsiCo is increasingly leaning on its international operations as a key engine of growth, adding greater geographic balance to a business historically anchored by North America. The company's overseas operations have gained considerable scale after several years of sustained investment, with international beverage volumes now accounting for roughly two-thirds of companywide volumes and international foods representing more than half. PepsiCo expects the international business to cross $40 billion in revenues this year while describing it as profit accretive and an increasingly important source of long-term diversification. The strength is broad-based geographically, with resilient trends across markets including Vietnam, Thailand, China and the Middle East, while Europe has remained healthy and Latin America continues to trend positively. PepsiCo sees significant runway from lower per-capita consumption and market-share opportunities across many overseas markets and expects international operations to remain a major growth driver in the coming years, potentially becoming its biggest source of growth over the next five to 10 years.

PepsiCo Inc ▲