date:Apr 27, 2012
Net profit in the three months to the end of March slid 1% to $1.13bn in the period, PepsiCo reported today (26 April).
Reported EPS in the quarter remained flat at US$0.71, while core earnings per share - earnings excluding one-time charges - dropped 7% to $0.69. Management said this was in line with expectations.
Reported operating profit remained flat at $1.72bn and included $84m in mark-to-market gains on commodity hedges and $35m of restructuring, impairment and integration charges.Core o