USA: Frito-Lay boosts PepsiCo's Q3 earnings
US snacks and soft drinks company PepsiCo has reported a 13% rise in quarterly profit, helped by a strong performance by its snacks unit.
The Purchase, New York-based company posted earnings of US$1.08bn, or 62 cents a share, in the third quarter to 6 September, compared to $953m, or 53 cents a share, a year earlier. The result met analysts' expectations, reported Reuters.
The company's Frito-Lay North America snacks division posted an 8% rise in quarterly profit, thanks in part to a new version of its Cheetos snack.
Revenue increased 8.4% to $6.83bn for the quarter, compared to $6.30bn a year earlier.
PepsiCo's total sales volumes rose 5% in the third quarter, with growth in both beverages and snacks.
PepsiCo yesterday (2 January) announced the acquisition of Star Foods, one of Poland's leading savoury snack producers....
Consumer goods giant Sara Lee Corporation has announced today that it has reached agreement on the principal terms and conditions for the sale of its European nuts and snacks business in the Netherlan...
Snacks and soft drinks giant PepsiCo has announced its agreement, pending government approval, to purchase Stacy's Pita Chip Company, the top-selling maker of pita chips with sales approaching $60m th...
US snacks giant Frito-Lay, part of PepsiCo, has announced that it is to cut between 200 and 250 jobs as part of a move to streamline its organisation....
Frito-Lay India, the Indian snacks division of US giant PepsiCo, is set to launch several Quaker breakfast cereal brands onto the Indian market by the end of the year....
US snacks and soft drinks giant PepsiCo has reported lower third-quarter profit, due to a tax charge related to international profit repatriation....
Food and drink company Pepsico is to close its Walkers snack factory in Swansea, in South Wales, with the loss of 250 jobs, reports the BBC....
Snack company Smith's Snackfood Company today (Tuesday) announced it has acquired Sakata Rice Snacks Australia....
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