PepsiCo Profit Rises on Gatorade Sales
- Share via
From Bloomberg News
PepsiCo Inc., the world’s second-largest soft-drink maker, said fourth-quarter profit climbed 30% because of declining costs and higher sales of Gatorade sports drinks.
Net income rose to $897 million, or 51 cents a share, from $689 million, or 39 cents, a year earlier, when it had higher costs from buying Quaker Oats Co., PepsiCo said. Sales rose 9.4% to $8.07 billion.
Shares of Purchase, N.Y.-based PepsiCo rose 95 cents to $48.55 on the New York Stock Exchange.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
