PepsiCo’s Fourth-Quarter Profit Tops Analysts’ Estimates
Do PepsiCo Shareholder Activists Put Bonds at Risk?
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PepsiCo Inc., whose stable of brands includes beverages and the Frito-Lay snack division, posted fourth-quarter profit that topped analysts’ estimates even as currency headwinds eroded sales.
Excluding some items, including the currency impact, profit was $1.12 a share in the period, the Purchase, New York-based company said Wednesday in a statement. The average of analysts’ estimates compiled by Bloomberg was $1.08 a share.