just The Preview - PepsiCo Q4 & FY

PepsiCo will report its full-year results on Thursday (14 February). Here, just-drinks takes a look at the highs and lows for the company in the three months to the end of December and performances in recent quarters.

• All eyes will be on PepsiCo's full-year results for its China division to see how its partnership with Tingyi is progressing, a partnership that unveiled its first joint site in October. Some analysts believe PepsiCo has the better of rival the Coca-Cola Co in the country thanks to reduced exposure. Tomorrow's numbers should paint a clearer picture, especially when compared to Coca-Cola's FY results released today.
• In October, PepsiCo announced it was to sell 51% of its Vietnam beverage business to Suntory.
• In the same month, PepsiCo announced a US$600m investment in Thailand after dropping local partner Serm Suk.
• Meanwhile, the company said it plans to open a bottling plant in Myanmar within 12 months.
• PepsiCo announced in November the planned closure of a Louisiana bottling plant, with the loss of 60 jobs.
• November also saw the company up its India exposure with a $72m deal to sponsor cricket's Indian Premier League.

In PepsiCo's year-to-date,

• Nine-month like-for-like net profits decreased by 10% to US$4.52bn 
• Net sales in nine months to end of September fell by 1.7%% to $45.54bn
• Operating profits dropped by 6.6% to $6.90bn

For the company's Q3,

• Three-month net profits slipped by 5.2% to $1.9bn
• Net sales fell by 5.3% to $16.65bn
• Operating profits dropped by 3.6% to $2.8bn.

For the company's H1,

• Net profits dropped by 14% to $2.63bn
• Sales flat at $28.9bn in the period
• Operating profits decreased by 9%

In its Q1,

• Q1 group net profits slipped by 1% to $1.13bn
• Operating profits flat at $1.72bn
• Sales rose by 4% to $12.43bn

To read a preview of PepsiCo's Q3 results, click here.