Active Stocks
Fri Mar 01 2024 15:59:51
  1. Tata Steel share price
  2. 150.00 6.46%
  1. State Bank Of India share price
  2. 769.30 2.67%
  1. Tata Motors share price
  2. 977.20 2.78%
  1. ITC share price
  2. 409.50 0.74%
  1. ICICI Bank share price
  2. 1,086.90 3.18%
Business News/ Companies / Company-results/  PepsiCo Q1 profit rises to $1.34 billion, beats estimates
BackBack

PepsiCo Q1 profit rises to $1.34 billion, beats estimates

PepsiCo's net income rose to $1.34 billion, or 94 cents per share, in the first quarter ended 24 March, from $1.32 billion, or 91 cents per share, a year earlier

PepsiCo’s total revenue rose 4.3% to $12.56 billion, topping analysts’ estimate of $12.40 billion. Photo: BloombergPremium
PepsiCo’s total revenue rose 4.3% to $12.56 billion, topping analysts’ estimate of $12.40 billion. Photo: Bloomberg

Bengaluru: PepsiCo Inc reported first-quarter sales that topped analysts’ estimate on Thursday on higher demand for its snacks such as Doritos and Cheetos as well as beverages such as Lipton tea.

The company said its Frito-Lay North America snacks business had strong performance with a 3% organic revenue growth. Organic revenue excludes benefits from divestitures and acquisitions.

Sales at its beverage unit, which makes Lipton tea and Mountain Dew, fell 1%, but were an improvement over the past two quarters when sales fell at least 3 percent.

PepsiCo’s net income rose to $1.34 billion, or 94 cents per share, in the first quarter ended 24 March, from $1.32 billion, or 91 cents per share, a year earlier.

Total revenue rose 4.3% to $12.56 billion, topping analysts’ estimate of $12.40 billion, according to Thomson Reuters I/B/E/S. Reuters

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Check all the latest action on Budget 2024 here. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 26 Apr 2018, 04:04 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App