PepsiCo's net profit increased 2.6 times in 2018

115482

PepsiCo, an American manufacturer of soft drinks, reported on the results of the fourth quarter and the total 2018. According to a quarterly report, the company recorded a net profit of $6 billion 850 million, while a year earlier it reported a loss of $710 million. The amount of one-time income from tax breaks in the amount of 5 billion 300 million dollars exceeded last year's write-offs in the amount of $2.5 billion more than 2 times during the earnings period due to tax reform. Quarterly revenue was at last year’s level, while its organic growth was 4.6%. In 2018, net profit amounted to 12 billion 515 million dollars, an increase 2.6 times. Revenue of 64 billion 660 million dollars showed an increase by 2%.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong
Message: