PepsiCo profit fell in the second quarter Article | goods

July 10 Purchase (TASR) – US soft drink producer PepsiCo reported a decline in earnings in the second quarter. The reason was a higher tax burden. Nevertheless, its results exceeded estimates by Wall Street analysts. He is particularly appreciated by the Frito-Lay salami division. Sales Alleviate the Negative Impact of Lower Domestic Sales of Beverages

PepsiCo's economic results show that its earnings in the second quarter of 2018 dropped to $ 1.82 billion ( 1.54 billion euros) is $ 1.28 per share, compared with 2.11 billion US dollars or $ 1.46 per share for the same period last year.

Excluding special items, the company recorded a profit of $ 1.61 per share. Exceeding the forecasts of analysts predicting profits without exceptional items of 10 cents lower

PepsiCo's tax rate rose from 23.7% to 36.9% over the period under review.

PepsiCo's revenues increased from $ 15.71 billion in the second quarter to $ 16.09 billion. The net result is the increase in beverage sales in sub-Saharan Africa and Europe, as well as the sales of Frito-Lay's North American division.

In particular, the operating profit of Frito-Lay increases by 5% and its sales by 4%. The operating profit of the North American Beverage Division decreased by 16% and its sales by 1%

PepsiCo, like Coca-Cola, seeks the right balance between health drinks and its classic offering to meet the changing tastes of consumers.

(1 EUR = 1.1789 USD)