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PepsiCo net profit up 5% to $2.11 bn on better soda prices, stake sale

Total revenue rose 2.1 per cent to $15.71 billion


PepsiCo Inc reported a better-than-expected quarterly profit on Tuesday, helped by higher pricing of its sodas and snack foods sold in North America and the sale of its minority stake in British bottler Britvic Plc. Net income attributable to PepsiCo rose 4.97 per cent to $2.11 billion, or $1.46 per share, from $2.01 billion, or $1.38 per share, a year earlier. Excluding items, the company earned $1.50 per share. Revenue rose 2.1 per cent to $15.71 billion. Revenue in PepsiCo's North America beverage business, the company's biggest, rose 2 per cent to ...

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First Published: Tue, July 11 2017. 18:03 IST