PepsiCo: European sales increase in the second quarter 2011

PepsiCo has posted an 18% rise in European sales in the second quarter. Organic volumes increased 5% in both snacks and beverages, driven by double-digit growth in snacks in Turkey and South Africa, which is included in PepsiCo’s European operations. Worldwide snacks, including the Lay’s and Walkers crisps brands, saw volumes grow 10% in the second quarter and 7% in the year to date.

“Our global snacks portfolio, in particular, posted another strong quarter with balanced top- and bottom-line growth and we continue to enjoy robust top-line growth in key emerging markets,” says PepsiCo chairman and CEO Indra Nooyi. However, she added that the company still faces challenges in more developed markets where consumer spending has come under increasing pressure.