PepsiCo has posted an 18% rise in European sales in the second quarter.

Organic volumes increased 5% in both snacks and beverages in the 12 weeks to 11 June, driven by double-digit growth in snacks in Turkey and South Africa, which is included in PepsiCo¹s European operations.

Beverages growth was boosted by strong performances in Turkey, Germany and France.

Worldwide snacks volumes grew 10% in the second quarter and 7% in the year to date. Worldwide beverage volumes grew 5%.

"Our global portfolio in both snacks and beverages is growing volume and net revenue, 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," said PepsiCo chairman and
CEO Indra Nooyi.

"While we are satisfied with the performance of our portfolio overall, the consumer in developed markets continues to be stressed, and the competitive
environment in North America beverages has been particularly challenging."

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