Wednesday, April 25, 2007

More Signs of International Strength Helping the US

From the WSJ:

PepsiCo Chief Executive Indra Nooyi said the company's international business "performed well on virtually every dimension." "Volume gains in snacks and beverages were broad-based, operating margins expanded and growth was balanced across developed and emerging markets," said Ms. Nooyi. "Our business momentum is strong coming out of the first quarter, which increases our confidence in the full-year outlook."

Revenue at PepsiCo's international division rose to $2.25 billion from $1.89 billion. Its Quaker Foods North America unit saw revenue increase to $463 million from $443 million.

This has been a constant theme this earnings season -- strong international sales.

Pepsi's national sales were also strong, so the international division didn't bail out the domestic. But that's not the point. The point is international sales are strong across a spectrum of companies.