PepsiCo: quarterly profit up on LatAm growth
(CercleFinance.com) - PepsiCo reported a higher quarterly profit on Tuesday, helped by its growth in Latin America, and stood by its full-year outlook.
The owner of the Frito-Lay and Quaker brands said second-quarter net income had risen to 2 billion dollars, or 1.44 dollar per share, from 1.82 billion dollars, or 1.28 dollar per share, a year earlier.
Revenue increased by 2.2% to 16.45 billion.
Excluding adverse foreign exchange translation that negatively impacted performance, organic revenue growth was 4.5% in the quarter, the group said.
In organic terms, volume rose 2 per cent in the snack business. In Latin America, organic revenue growth reached 10% in the past quarter.
The company also affirmed its full-year outlook, which calls for organic revenue growth to be 4 per cent.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The owner of the Frito-Lay and Quaker brands said second-quarter net income had risen to 2 billion dollars, or 1.44 dollar per share, from 1.82 billion dollars, or 1.28 dollar per share, a year earlier.
Revenue increased by 2.2% to 16.45 billion.
Excluding adverse foreign exchange translation that negatively impacted performance, organic revenue growth was 4.5% in the quarter, the group said.
In organic terms, volume rose 2 per cent in the snack business. In Latin America, organic revenue growth reached 10% in the past quarter.
The company also affirmed its full-year outlook, which calls for organic revenue growth to be 4 per cent.
Copyright (c) 2019 CercleFinance.com. All rights reserved.