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PepsiCo FY profits slip on currency woes

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PepsiCo has reported flat full-year group sales and a dip in profits, but saw volume growth for its non-carbonated beverage brands in the Americas. 

PepsiCo saw FY group profits down, with sales flat

PepsiCo saw FY group profits down, with sales flat

The soft drinks and snacks firm said today that group net profits fell 3.6% to $6.5bn, while sales were flat at $66.7bn. Global beverage volumes in calendar-2014 rose by 1%. 

PepsiCo partly blamed the results on the effects of foreign currency exchange rates. 

Looking ahead for this financial year, PepsiCo's chairman & CEO Indra Nooyi said the company expects to “deliver results consistent with our long-term financial objectives, despite the anticipated challenging and volatile global macro environment.” 

She added: "We plan to return approximately $8.5bn to $9bn to shareholders through both higher dividends and share repurchases."

PepsiCo's shares are this morning trading up 2.1% at $97.99

More detailed coverage of the company's results will follow on just-drinks. 

To read PepsiCo's full statement, click here.


Sectors: Company results, Soft drinks, Water

Companies: PepsiCo

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