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PepsiCo Q1 profits drop on one-time costs
date:Apr 27, 2012
from an inventory accounting change recorded in the prior year, which contributed 7 percentage points to the decline.
In Europe, PepsiCo saw its revenue increase 13% reflecting the benefit of theWimm-Bill-Dannacquisition and a double-digit increase in snacks volumes. PepsiCo's operating profit in Europe grew 29%, although core operating profit increased 2.5%.
In Asia, Middle East and Africa, net revenue grew 12% as snacks volumes rose 16%.Operating profit from the division increased 2%. Core ope

12/20 01:56