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The PepsiCo soft drink and food group earned US $ 3,163 million in the first half, a decrease of 8% over the same period of the previous year.
The multinational obtained between January and June net profit per share of 2.21 USD, below 2.38 USD per share on the same dates the year before, where it earned 3,423 million USD.
The multinational's revenues increased by 3% in the first half. up to 28,652 million US dollars, while its operating expenses increased by 5% at that time to reach 12,918 million US dollars.
Turning to the quarterly results, Wall Street badysts earned $ 1,820 million ($ 1.28 per share), or 14% less than in the second quarter of 2017, while profits were $ 2,105 million.
According to Efe-Dow Jones, net profit was reduced the group's largest provision For its part, the company's business turnover rose 2.4% between April and June, reaching 16 090 million US dollars, while its operating expenses increased by 3%, to US $ 16,090 million. Beverage sales in North America – the largest division of the group by revenue – decreased 0.9% to $ 5,190 million, recording declines for the fourth consecutive quarter.
The decline in sales in this sector has been in production since the third quarter of 2017, prompting PepsiCo to consider spin-off bottling operations or all beverages.
The group's focus on advertising its new healthier beverages has damaged strategic brand sales like Pepsi or Gatorade.
The chairman and CEO of Pepsico, Indra Nooyi, said today in a statement to be satisfied with the quarterly results and in particular with the internal divisions The company results, published early in the morning, were welcomed by operators at the opening of Wall Street and the value of their shares grew by 3, driven by emerging markets and developing countries.
75%.
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