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Tuesday April 12, 07:28
Pepsi Bottling 1Q profit fell 22%, topped expectations
(by Mark Riley)
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Pepsi Bottling Group Inc., the No. 1 producer and distributor of Pepsi-Cola beverages, reported on Tuesday that its first-quarter profit fell 22%.
Company’s profit fell to $39 million, or 15 cents a share, from $50 million, or 19 cents a share, last year. Analysts were expecting 13 cents a share.
Revenue rose 3.9% to $2.15 billion from $2.08 billion.
Sales in U.S. fell 1%, European sales rose 0.75%.
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