The operating profit of the snack division Frito-Lay North America (FLNA) grew by 5%, primarily reflecting the net revenue growth (+ 4%) and planned cost reductions across a number of expense categories, partially offset by certain operating cost increases.
“We are pleased with our results for the second quarter and we remain on track to achieve the financial targets we set out at the beginning of the year,” said Chairman and CEO Indra Nooyi. “The majority of our businesses performed very well, particularly our international divisions propelled by continued growth in developing and emerging markets, and our North America Beverages sector posted sequential net revenue and operating profit performance improvement.”