According to the company’s press release, its net profit increased to $ 1.98 billion, or $ 1.33 per share in II quarter, compared with $ 1.978 billion, or $ 1.29 per share, for the same period in 2014.
PepsiCo profit, excluding one-off items, amounted to $ 1.32 per share. Economists polled by FactSet, on average, expected the figure at $ 1.24 per share.
The company's revenue decreased by 6% to $ 15.92 billion, which was also better than the average analyst forecast of $ 15.8 billion.
Sales of North American division Frito-Lay, which produces food, rose by 2% to $ 3.45 billion during the quarter. US division’s revenue, which produces beverages, increased by 1% to $ 5.34 billion.
The company's revenue from operations in Europe fell by 24% to $ 2.79 billion. In the region, which unites Asia, Middle East and Africa, revenue fell 4% to $ 1.8 billion.
The company PepsiCo is one of the world's largest producers of soft drinks and various snacks. Most of all, of course, it is known for its most popular product - Pepsi-Cola.
It had all started with Pepsi-Cola. More than a hundred years ago, this popular drink was invented by pharmacist Caleb Bradham of a small American town of New Bern. At the end of the last century, he founded a company called Pepsi Cola Company. It had been converted into PepsiCo in 1965, after the merger with the well-known chips manufacturer Frito Lay.
The company is constantly expanding through the acquisition of new brands. In 1977, it bought Pizza Hut, Inc., in 1978 - Taco Bell, 1986 - Kentucky Fried Chicken (KFC), Mug Root Beer, and 7Up International, in 1998 - Tropicana Products, and so on (KFC, Pizza Hut and Taco Bell separated from PepsiCo in 1997). The company owns an impressive number of brands: Pepsi, Tropicana, Mountain Dew, Lay's, Gatorade, Quaker, and many others.
Annual PepsiCo’s profit is estimated at tens of billions of US dollars. The company's headquarters is located in Purchase, New York.
PepsiCo profit, excluding one-off items, amounted to $ 1.32 per share. Economists polled by FactSet, on average, expected the figure at $ 1.24 per share.
The company's revenue decreased by 6% to $ 15.92 billion, which was also better than the average analyst forecast of $ 15.8 billion.
Sales of North American division Frito-Lay, which produces food, rose by 2% to $ 3.45 billion during the quarter. US division’s revenue, which produces beverages, increased by 1% to $ 5.34 billion.
The company's revenue from operations in Europe fell by 24% to $ 2.79 billion. In the region, which unites Asia, Middle East and Africa, revenue fell 4% to $ 1.8 billion.
The company PepsiCo is one of the world's largest producers of soft drinks and various snacks. Most of all, of course, it is known for its most popular product - Pepsi-Cola.
It had all started with Pepsi-Cola. More than a hundred years ago, this popular drink was invented by pharmacist Caleb Bradham of a small American town of New Bern. At the end of the last century, he founded a company called Pepsi Cola Company. It had been converted into PepsiCo in 1965, after the merger with the well-known chips manufacturer Frito Lay.
The company is constantly expanding through the acquisition of new brands. In 1977, it bought Pizza Hut, Inc., in 1978 - Taco Bell, 1986 - Kentucky Fried Chicken (KFC), Mug Root Beer, and 7Up International, in 1998 - Tropicana Products, and so on (KFC, Pizza Hut and Taco Bell separated from PepsiCo in 1997). The company owns an impressive number of brands: Pepsi, Tropicana, Mountain Dew, Lay's, Gatorade, Quaker, and many others.
Annual PepsiCo’s profit is estimated at tens of billions of US dollars. The company's headquarters is located in Purchase, New York.
