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PepsiCo Q1 profits drop on one-time costs
date:Apr 27, 2012
perating profit declined 6%.
Net sales rose 4% to $12.43bn.PepsiCo said it grew net revenue in three of its four business units on a reported basis and all four business units on an organic basis.
Frito Lay North America sales climbed 4% in the quarter, reflecting six percentage points of effective net pricing. Volume performance, however, was negatively impacted by around two percentage points due to the extra week of results in 2011.Operating profit increased from the division 2%.
Sales in Pep

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