PepsiCo quarterly profit falls 2 percent
PepsiCo Inc (PEP.N) reported a 2 percent fall in second-quarter profit as carbonated soft drink volumes declined 2 percent in North America.
The company’s net income fell to $1.98 billion, or $1.29 per share, in the 12 weeks ended June 14 from $2.01 billion, or $1.28 per share, a year earlier.
Excluding items, PepsiCo earned $1.32 per share.
Revenue rose 0.5 percent to $16.89 billion.
(Reporting by Anjali Athavaley in New York and Siddharth Cavale in Bangalore; Editing by Kirti Pandey)
Source: Reuters
