PepsiCo's profit climbs, boosted by higher prices - Fox 2 News Headlines

PepsiCo's profit climbs, boosted by higher prices

Posted: Updated:

NEW YORK (AP) -- PepsiCo Inc. reported a higher quarterly profit that topped Wall Street expectations, as price increases for its popular Frito-Lay snacks helped lift revenue.

In its Americas beverage unit, volume fell 3.5 percent, with sodas in North America falling in the mid-single digits.
 
For the quarter, PepsiCo earned $2.01 billion, or $1.28 per share. That's up from $1.49 billion, or 94 cents per share, a year ago.
 
Not including one-time items, it earned $1.31 per share, above the $1.19 analysts expected.
 
Revenue rose to $16.81 billion, more than the $16.79 billion Wall Street.
 
The results come a week after investor Nelson Peltz said he wants PepsiCo to drop its beverage business and buy Oreo cookie maker Mondelez. Peltz says the company's snacks unit is being overshadowed by its underperforming drinks unit.

  • Your MoneyMore>>

  • Designer clothes at giant thrift shop in NJ

    Designer clothes at giant thrift shop in NJ

    Wednesday, August 20 2014 5:57 PM EDT2014-08-20 21:57:04 GMT
    Like most soon-to-be third graders, Sonja knows what she's looking for when it comes to back-to-school shopping. For kids trying to be fashionable -- and parents looking to keep it affordable -- there's the Ocean County Hunger Relief Warehouse in Toms River, New Jersey. It's basically a huge thrift shop.
    Like most soon-to-be third graders, Sonja knows what she's looking for when it comes to back-to-school shopping. For kids trying to be fashionable -- and parents looking to keep it affordable -- there's the Ocean County Hunger Relief Warehouse in Toms River, New Jersey. It's basically a huge thrift shop.
  • Five Guys offers bacon milkshakes

    Five Guys offers bacon milkshakes

    Wednesday, August 20 2014 4:32 PM EDT2014-08-20 20:32:27 GMT
    Burger chain Five Guys is testing the adage that everything tastes better with bacon. It is rolling out a customizable milkshake program and along with bananas, peanut butter, Oreo cookies, salted caramel, you can chose bacon.  Yes that's right: a bacon milkshake.
    Burger chain Five Guys is testing the adage that everything tastes better with bacon. It is rolling out a customizable milkshake program and along with bananas, peanut butter, Oreo cookies, salted caramel, you can chose bacon.  Yes that's right: a bacon milkshake.
  • Google considers accounts for 10-year-olds

    Google considers accounts for 10-year-olds

    Wednesday, August 20 2014 8:31 AM EDT2014-08-20 12:31:04 GMT
    Kids already spend plenty of time on computers and smart phones. Now Google reportedly wants to get youngsters set up with their own Gmail and YouTube accounts. Some parents told us they aren't thrilled with the idea. Currently, Internet companies such as Google and Facebook do not offer their services to children under 13, but many youngsters and their parents find a workaround.
    Kids already spend plenty of time on computers and smart phones. Now Google reportedly wants to get youngsters set up with their own Gmail and YouTube accounts. Some parents told us they aren't thrilled with the idea. Currently, Internet companies such as Google and Facebook do not offer their services to children under 13, but many youngsters and their parents find a workaround.
Powered by WorldNow

WJBK-TV | Fox 2
16550 West Nine Mile Rd.
Southfield, MI 48075

Main Station: (248) 557-2000
Newsroom: (248) 552-5103

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices