REUTERS - PepsiCo Inc reported a 5 percent jump in quarterly profit, helped by strong sales of Frito-Lay chips in the Americas and cost-cutting measures.
The maker of Pepsi-Cola, Quaker Oats and Tropicana juice said net income attributable to PepsiCo rose to $1.75 billion, or $1.12 per share, in the fourth quarter ended December 28, from $1.66 billion, or $1.06 per share, a year earlier.
Excluding items, earnings were $1.05 per share.
Revenue rose marginally to $20.11 billion.
The company also said it would raise its annual dividend by 15 percent to $2.62 per share.
(Reporting by Siddharth Cavale in Bangalore; Editing by Saumyadeb Chakrabarty)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app