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PepsiCo Q1 profits drop on one-time costs
date:Apr 27, 2012
siCo's Latin America Foods division grew 11%, boosted by a 15% increase in volumes. Operating profit from the unit rose 10%.
Sales fromQuaker Foods North America, however, slid 3% reflecting general category trends. Operating profit dropped 10%, primarily due to the benefit from an inventory accounting change Pepsi recorded in the prior year.
Quaker Foods North America, however, saw its sales slide 3% reflecting general category trends. Operating profit dropped 10%, primarily due to the benefit

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