The company has recorded 2.2 percent growth for its net revenue. It has $16.5 billion before while year-to-date revenue growth stats at 2.4 percent which has reached around $29.3 billion. Organic revenue growth was 4.5 percent and has raised currently at 4.8 percent.
“We are pleased with our results for the second quarter,” said Chairman and Chief Executive Officer Ramon Laguarta in a statement. “While adverse foreign exchange translation negatively impacted our reported net revenue performance, our organic revenue growth was 4.5 percent in the quarter. We are also pleased with the progress on our priorities to make PepsiCo a faster, stronger and better company by building new capabilities, strengthening our brands, adding capacity to grow and transforming our culture. Our performance for the first half and the progress we are making on our strategic priorities give us increased confidence in achieving the 2019 financial targets we communicated earlier this year.”
For the 2nd quarter, PepsiCo Beverages North America division had a net revenue of $5.3 billion and currently recorded $9.8 billion. The company is expecting a full-year organic revenue growth to be 4 percent.