PepsiCo sees fall in profit

PepsiCo has reported a 5% fall in profit for the fourth-quarter to $1.37bn (£850m), driven down by rising commodities costs.


The fall comes despite a 37% rise in revenue to $18.15bn (£11.25bn) during the three months to 25 December.

PepsiCo’s full year profit rose 6% to $6.32bn (£3.9bn) and revenues for the year reached $57.84bn (£35.87bn).

The maker of Walkers, Tropicana and Quaker warned that rising commodities prices would drive prices upwards for the year ahead.

PepsiCo chairman and CEO Indra Nooyi says: “We are encouraged by the momentum of our businesses” but warns that the business is “mindful” that unemployment, inflation and difficult competitive pricing environment will continue to impact an already weak consumer landscape.

PepsiCo’s results come a day after rival Coca-Cola reported a 59% increase in profit to $14.2bn (£8.8bn) for the year. Coke’s full year revenue reached $35.1bn (£27.8bn).



Yell remixes JR Hartley ad

Matthew Chapman

Directories company Yell has given a ’21st century makeover’ to the infamous J R Hartley Yellow Pages ad, replacing him with a trance DJ. In the initial ads, the loveable J R Hartley was seen looking for a copy of his Fly Fishing book. Yell’s new TV ad, created by Rapier, aims to show how […]


Mark Ritson: Why Stella and cider is not a good mix

Mark Ritson

Stella Artois is about to launch a cider. Last week the brand’s senior management team announced that British drinkers would get their first look at Stella Cidre in April. File it next to Levi’s suits, Pond’s toothpaste, Harley-Davidson cake decorations and Aston Martin’s economy car. It’s going to be a clunker.


    Leave a comment