date:Jul 24, 2014
PepsiCos results were helped by cost-cutting and a better-than-expected performance in Europe, Johnston said. Organic revenue grew 5 per cent in Europe, lifted by higher pricing and a 1-per-cent volume sales gain in both snacks and drinks. Johnston declined to comment on Peltz.
Second-quarter net income totalled $1.98 billion, or $1.29 a share, compared with $2.01 billion, or $1.28, a year earlier. Revenue rose 0.5 per cent to $16.9 billion, beating the $16.8-billion average of analysts estimat