PepsiCo profits rise with US revenue reaching €4.6bn

Net income attributable to PepsiCo rose to $2.11 bn, or $1.46 per share

PepsiCo announce 5 per cent rise in profits for second quarter. Photograph: iStock

PepsiCo announce 5 per cent rise in profits for second quarter. Photograph: iStock

 

PepsiCo’s second-quarter profit rose 5 per cent, helped by higher sales in its Frito-Lay North America business and the sale of its minority stake in British bottler Britvic.

Revenue in PepsiCo’s North America beverage business, the company’s biggest, rose 2 per cent to $5.24 billion (€4.6 billion) in the quarter ended June 17th, while volume sales were flat, the company said on Tuesday.

Revenue from its Frito-Lay North America business rose 3 per cent, while operating profit rose 6 per cent. Net income attributable to PepsiCo rose 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 percent to $15.71 billion.

- Reuters