For PepsiCo, Inc. (NYSE:PEP) it is of vital importance that it looks for new markets elsewhere. Incremental sales may be difficult for PepsiCo to achieve in the U.S. as people are already eating and drinking what they can. And the company is doing just that and achieving good results.
In the second quarter, among developing markets, PepsiCo, Inc. (NYSE:PEP)’s organic revenue grew by 7% in Mexico, 15% in the remaining markets of Latin America, and 12% in Turkey. Among emerging markets, EMEA, which includes the key Russia market, grew its organic revenue by 14%. China grew 22% in beverages and 23% in snacks; Pakistan and the Philippines were above 20% as well. Jordan’s organic revenue growth was in the high teens, India and Egypt’s in the mid-teens, and growth was 12% in Saudi Arabia.
PepsiCo, Inc. (NYSE:PEP) stock is up 21.5% in 2013 for a reason. The company has been executing well as it continues to create value for its investors. The company has created excellent growth drivers in the form of its snack business, its beverage deal in China, and its presence in fast-growing markets. PepsiCo is poised for solid growth over the coming quarters.
Eshna De has no position in any stocks mentioned. The Motley Fool recommends Coca-Cola and PepsiCo. The Motley Fool owns shares of PepsiCo.
The article A Perfect Stock to Quench Your Thirst originally appeared on Fool.com.
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