July 24, 2013 | Business & Finance
PepsiCo Profit Rises On Productivity, Price Increases
PepsiCo Inc (PEP.N) reported higher quarterly earnings on Wednesday, as price increases and productivity improvements helped margins.
The maker of Pepsi-Cola, Frito-Lay snacks and Tropicana juice, which is under pressure by activist investor Nelson Peltz, said net income was $2.01 billion, or $1.28 per share, in the second quarter, up from $1.49 billion, or 94 cents per share a year earlier.
Excluding items, earnings were $1.31 per share.
REUTERS