PepsiCo published results calculated on a comparable basis, taking into account the adoption of an accounting change and the consolidation of a European snack joint venture. The comparable results also exclude Quaker merger-related costs and other impairment and restructuring charges.
US: PepsiCo reports increase in second quarter earnings
The food and beverage group, PepsiCo Inc., reported earnings of $940m, for the second quarter to June 15, against $824m for the corresponding period a year earlier. The result, representing 52 cents per share, was broadly in line with analysts' forecasts.