USA: PepsiCo posts organic revenue growth for 2015
Snacks and beverage firm Pepsico has published its full year results for 2015, reporting an increase in organic revenue for the year versus 2014.
The US multinational said that, for 2015, organic revenue had increased 5%, although overall net revenue decreased 5% due to the unfavourable impact of foreign exchange. Core gross margin rose to 140 basis points and core operating margin expanded to 30 basis points, PepsiCo added, while core constant currency operating profit growth was up to 6%.
Commenting on the results, Pepsico Chairman and CEO Indra Nooyi said: "We are happy to report that we met or exceeded every financial goal we set for 2015, demonstrating consistent performance in the face of volatile macros. Our financial performance translated into strong cash generation, enabling us to continue to provide attractive cash returns to our shareholders".