PepsiCo Reports Second-Quarter 2008 Results
>Strong Net Revenue Growth of 14 Percent
>Operating Profit Increased 12 Percent and Net Income Grew 9 Percent
>EPS Increased to $1.05; Excluding Mark-to-Market Gains,
EPS Was up 11 Percent to $1.03
>PepsiCo Confirms Full-Year Earnings Per Share Guidance of at Least $3.72, excluding Mark-to-Market Gains/Losses
>Company Raises Intended 2008 Share Repurchases by at Least $1 Billion
PURCHASE, N.Y., July 23 /PRNewswire-FirstCall/ -- PepsiCo, Inc. (NYSE: PEP) today reported strong second-quarter operating results, with 14 percent net revenue and 12 percent operating profit growth. The Company delivered earnings per share of $1.05. Excluding current and prior year mark-to-market gains on commodity positions included in corporate unallocated expenses, earnings per share would have totaled $1.03, up 11 percent.
>Strong Net Revenue Growth of 14 Percent
>Operating Profit Increased 12 Percent and Net Income Grew 9 Percent
>EPS Increased to $1.05; Excluding Mark-to-Market Gains,
EPS Was up 11 Percent to $1.03
>PepsiCo Confirms Full-Year Earnings Per Share Guidance of at Least $3.72, excluding Mark-to-Market Gains/Losses
>Company Raises Intended 2008 Share Repurchases by at Least $1 Billion
PURCHASE, N.Y., July 23 /PRNewswire-FirstCall/ -- PepsiCo, Inc. (NYSE: PEP) today reported strong second-quarter operating results, with 14 percent net revenue and 12 percent operating profit growth. The Company delivered earnings per share of $1.05. Excluding current and prior year mark-to-market gains on commodity positions included in corporate unallocated expenses, earnings per share would have totaled $1.03, up 11 percent.
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