Canadian Vending

News
PepsiCo Q2 profit falls as sales slow


July 28, 2009
By The Canadian Press

July 28, 2009 – Soft drinks and snack maker PepsiCo says its
second-quarter profit fell two per cent as sales dropped three per
cent, but it still beat analyst expectations.

July 28, 2009 – Soft drinks and snack maker PepsiCo says its second-quarter profit fell two per cent as sales dropped three per cent, but it still beat analyst expectations.

The company reiterated its expectation that 2009 profit will grow by a mid- to high-single digit per centage over 2008 profit of US$3.68 per share.

The maker of Pepsi cola and Frito-Lay snacks says it earned $1.66 billion, or $1.06 per share, in the three months that ended June 13. That's down from the $1.7 billion, or $1.05 per share, a year earlier.

Advertisment

Purchase, N.Y.-based PepsiCo, which also sells the Gatorade and Tropicana brands, says revenue slumped three per cent to $10.59 billion from $10.95 billion.

Analysts polled by Thomson Reuters forecast profit of $1 per share on revenue of $10.99 billion.


Print this page

Related



Leave a Reply

Your email address will not be published. Required fields are marked *

*