just the preview – PepsiCo Q4 and FY
PepsiCo prepares to release Q4 and FY results
PepsiCo will report its fourth quarter and full-year results tomorrow (11 February).
Here, just-drinks takes a look at the highs and lows for the company in the three months to the end of December.
- In December, PepsiCo announced plans to invest US$30m in 2010 to rejuvenate its Gatorade sports drink. The investment will include improvements in packaging and ingredients, with the removal of high fructose corn syrup (HFCS) from all Gatorade drinks. Gatorade sales have struggled in the last 12 months and PepsiCo was preparing for several months to reposition the brand early in 2010.
- In the same month, PepsiCo acquired rights to certain Dr Pepper Snapple drinks and trimmed its full-year sales and profits guidance. On a constant currency basis, net sales are set to rise by 5% and earnings per share by 5-6%, compared to previous guidance of mid to high single digit rises, the firm said.
- In November, PepsiCo confirmed plans to invest US$100m in Egypt in 2010. A spokesperson for the company said that it would be spent across its food and beverage brands throughout 2010.
- In October, falling costs and investments in innovation helped PepsiCo report a solid profit performance in its third quarter of 2009, despite a dip in revenues. The food and drinks maker reported earnings per share of US$1.09, and in constant currency the company delivered 5% net revenue growth and an 8% increase in core EPS.
- September was the month PepsiCo International's CEO announced his intention to retire. Mike White, who was interviewed exclusively by just-drinks in 2008, retired as PepsiCo vice chairman and CEO of PepsiCo International in late 2009, having served the company at board level since 2006.
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