[PEPSICO, INC. 2000 ANNUAL REPORT][Financial Highlights][Letter from the Chairman]Quaker Oats[Frito Lay][Pepsi-Cola][Tropicana][Corporate Citizenship]
[Principal Divisions & Corporate Officers][PepsiCo Products][Board of Directors][Capital Stock Information/Stock Performance][Shareholder Information]

International
Pepsi-Cola International (PCI) posted very healthy performance. Bottler case sales were up 5% for the year, and we grew faster than our primary competitor in nine of the last 10 quarters. That contributed to market share gains in most of PCI's top-25 markets. It also helped to drive operating profit growth by 37%.

The strong results reflect PCI's devotion to building its core carbonated soft drink brands, particularly Pepsi-Cola, 7UP and the Mirinda flavor line. The results also reflect our strategic focus on the most populous emerging markets, which offer big long-term growth opportunities. It's paying off: volume grew 10% in India, 16% in China and, in a dramatic recovery, more than 100% in Russia.

These results were also due to a stronger distribution system. During the year, PCI's anchor bottlers, PBG and PepsiAmericas, strengthened their international operations. Other important bottling network upgrades were made in markets such as Argentina, Brazil, Mexico and Australia.

Pepsi-Cola International also renewed its agreement with Tricon Global Restaurants, ensuring that Pepsi-Cola brands will continue to be the preferred beverages of Pizza Hut, KFC and Taco Bell around the world.

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