Daily Management Review

PepsiCo's Revenues Beats the Forecasts


07/09/2015


The second-largest producer of soft drinks, the American company PepsiCo Inc., has significantly increased its net profit in the April-June 2015, and raised its forecast for the full year.



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.

 






Science & Technology

DNA Sequencing Project Proposed For All Complex Life Forms On Earth By An Int’l Team

Facebook may start production of its own microprocessors

Long-Term Alcohol Monitoring Could Be Possible With A New Injectable Chip Developed By U.S. Researchers

Sweden Now Has The First Electrified Road In The World

Over 270,000 Account Globally Banned From Twitter For Promotion Of Terrorism

Device Capable Of Hearing The Inner Voice Developed By Researchers

New mobile technologies will warn about natural disasters

The brewing industry welcomes blockchain

Asset-Sharing App Of Ryder Is Meant For Commercial Vehicles

Credit Suisse: China will become the leader in AI sphere

World Politics

World & Politics

Debates over Google are heating as a new EU directive is about to be introduced

Will Merkel accept Macron's plans for Europe?

USA and China are pushing North Korea to denuclearization

Germany's dilemma: Will the atomic energy win?

A Forceful Response To Syria Attack Will Be Given By U.S.: Trump

Is Trump’s Maximum Pressure Tactic On North Korea Succeeding Because Of China?

Why are Turkey-EU relations moving back?

Record-Breaking $39 Million raised for Rare Cancer Research in 2018 by Cycle for Survival