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PepsiCo reports snacks stable amid Q2 profit drop
date:Jul 27, 2012
The snacks and beverage giant recorded a 21% slump in overall operating profits for the second quarter (Q2), down to $1.49bn in the 12 weeks to 16 June. It also reported a 2% drop in overall revenues.

The dip related to negative foreign exchange translation and heavy structural changes, including its Mexico beverage refranchising, Chinese Tingyi bottling alliance and its International Dairy and Juice (IDJ) joint venture that it launched with dairy firm Almarai, PepsiCo said.

However, PepsiCo A

12/18 05:17