PepsiCo is well on its way to achieving its target for 2019. The snack and soft drink producer sold more products as expected in the last second quarter, but had some problems with unfavorable exchange rates.
Sales eventually grew by 2.2 percent to $ 16.5 billion. Net profit rose to $ 2 billion, from $ 1.8 billion in the same period a year earlier.
Earlier this year, PepsiCo came up with disappointing forecasts for this year. The American company counted on less profit due to the additional advertising and marketing expenses. On the other hand, PepsiCo promised to tighten the belt, including by focusing on further automation of work processes. The company now says it is on course to achieve its adjusted goals.