Source Pravda.Ru

PepsiCo Profit Falls as People Buy Cheaper Drinks

PepsiCo Inc., the world’s largest snack maker, said its second-quarter profit fell because consumers bought less Gatorade in favor of cheaper drinks.

Net income dropped 2.3 percent to $1.66 billion, or $1.06 a share, from $1.7 billion, or $1.05, a year earlier, when there were more shares outstanding, Purchase, New York-based PepsiCo said today in a statement. Revenue fell 3.2 percent to $10.6 billion as the stronger dollar cut into income outside the U.S, Bloomberg reports.

But the company did see growth in its North and South America Frito-Lay and its food business. PepsiCo International results were mixed, with declines in Europe but growth in Asia, the Middle East and Africa.

Pepsi continued to raise prices to offset commodity prices that reached record highs earlier in the year, and roped in customers with promotions, TheStreet.com reports.

Looking ahead, the company reaffirmed its forecast for full-year profit growth by a mid- to high-single digit percentage over 2008’s full-year profit of $3.68 per share, Dividend.com reports.

Meanwhile PepsiCo recently announced plans to invest US$1bn in China over the next four years, and, together with Pepsi Bottling Group, will invest $1bn in Russia over the next three years, just-drinks.com reports.

It was either inability to analyze or pure cowardice, but the cruise missile attack on Syria had a purely political outcome that would not affect the outcome of the Syrian conflict. The US is obviously revisiting the Iraq crisis from 2003

USA's 'stupid missiles' ensure major victories for Russia on many fronts

It was either inability to analyze or pure cowardice, but the cruise missile attack on Syria had a purely political outcome that would not affect the outcome of the Syrian conflict. The US is obviously revisiting the Iraq crisis from 2003

USA's 'stupid missiles' ensure major victories for Russia on many fronts
Comments
Russia accuses British special services of staging Douma chemical attack
Iran strongly determined to fight for Golan Heights
USA highly concerned about Russia's cold-blooded silence in response to missile attack on Syria
USA highly concerned about Russia's cold-blooded silence in response to missile attack on Syria
Iran strongly determined to fight for Golan Heights
SWIFT refuses to cut Russia off, even if Washington insists
Unexploded Western missiles in Russia's hands: Russian air defenses to get even better
Unexploded Western missiles in Russia's hands: Russian air defenses to get even better
Iran strongly determined to fight for Golan Heights
Russia refuses to transport NATO's military hardware
Russia refuses to transport NATO's military hardware
USA highly concerned about Russia's cold-blooded silence in response to missile attack on Syria
Iran strongly determined to fight for Golan Heights
Putin must sue UK because of Skripal case lies
Washington officials claim Russia attacked American military men in Syria
Russia in the process to return its army bases to Cuba and Vietnam
Crimea launches new international airport
Russia in the process to return its army bases to Cuba and Vietnam
A selective genocide is consummated through women's bodies. A new market eugenics.
Russia accuses British special services of staging Douma chemical attack
Russia accuses British special services of staging Douma chemical attack