PepsiCo revenue down in 2nd quarter
The Atlanta Journa-Constitution
PepsiCo reports dip in second-quarter revenue
PepsiCo reported Wednesday that second-quarter revenue fell 3 percent to $10.6 billion and net income dropped 2 percent to $1.66 billion, or $1.06 per share.
The Purchase, N.Y., food and beverage firm said it had core earnings, excluding restructuring costs and gains from commodity hedging, of $1.02 per share. That beat analyst expectations of $1 per share, according to Thomson Reuters.
Sales volume rose for snack foods and international beverages for PepsiCo, which owns Frito Lay and Quaker. But sales volume for the PepsiCo Americas Beverages unit fell 6 percent. The company said Gatorade sales declined as consumers switched to cheaper beverages.
Atlanta-based Coca-Cola Co. reported Tuesday that its second-quarter sales volume rose 4 percent. International markets rose 5 percent while North America fell 1 percent. Coke’s net income, excluding one-time items, beat analyst expectations.
--JOE GUY COLLIER
Smart Shopping
starts here!
This week's inserts | Today's Deals | Grocery Coupons
Grad School / MBA a ticket to success? Earning power | How to pay | Atlanta programs
Today's Deal
Get the deal of the day at DealSwarm.
Inside ajc.com
2012 graduates
Join us in celebrating the 2012 graduates, and send us photos of your favorite graduates.
Success after 'SNL'
Kristen Wiig joins a number of successful alums who've gained success after "Saturday Night Live."
Itsy bitsy bikini
As summer gets its unofficial welcome, see what the swimsuit trends will be poolside this summer.
Photos of the week
The AJC's photo staff selects the week's best photos from around town and around the globe.
Can you see the change?
What's altered in the two photos? See how you score when you play the Find 5 Challenge!
