PepsiCo has reported a 3% increase in like-for-like European sales in the third quarter.
The global food giant said the increase mainly reflected effective net pricing. It said snacks volumes rose by 3% during the quarter, while drinks volumes declined 1%.
Higher pricing and productivity improvements helped PepsiCo improve operating profit in the region by 5%.
On a global level, PepsiCo reported a 3.3% increase in like-for-like sales to $16.91bn and its operating profit rose by 3% on a constant currency basis to $2.78bn.
The best performing division in the group was Latin America Foods, which saw like-for-like growth of 14%.
“We’re pleased with our performance. PepsiCo has delivered double-digit core constant currency earnings per share growth year to date, despite ongoing macro-economic volatility in many markets,” said PepsiCo CEO Indra Nooyi.