Snacks help PepsiCo deliver strong profit results

PepsiCo Inc has reported solid results for 2009 driven by healthy gains in its worldwide snacks and international beverage businesses, balanced investments in value and innovation in key markets and cost discipline across its operations.

For the full year, reported EPS grew 17% to $3.77 and core constant currency EPS increased 6%. For the fourth quarter, reported EPS was $0.90.

PepsiCo chairman and CEO, Indra Nooyi, said: “In 2009, strong execution of PepsiCo’s operational priorities enabled us to deliver healthy revenue and profit growth and generate strong cash flow, despite the macroeconomic challenges across much of the world.

“Our teams demonstrated their agility in balancing innovation and value, which enabled us to maintain consumer momentum while driving margin expansion. In addition, we continued to invest in R&D, infrastructure and innovation to sustain our long-​term growth.”

Source: PepsiCo

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