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PepsiCo has reported “meaningfully accelerated” net revenue growth of 12.9% in its full-year results, giving the company "added confidence" in its investments. The owner of brands such as Doritos, Mountain Dew and Tropicana posted net sales of $25.24 billion for Q4, which is a 12.4% increase on the prior year. The food and beverage giant’s net income for the fourth quarter came in at $1.32 billion, down from $1.85 billion last year. PepsiCo recorded organic revenue growth of 11.9% in the quarter, with its subsidiary Frito-Lay North America posting 13% organic revenue growth. The Quaker Foods North America business saw its revenue increase by 9%, on an organic basis, compared with 1% in the previous quarter. The sector also saw its operating profit rise by 8%, reflecting "effective net pricing and productivity savings, partially offset by certain operating cost increases, including transportation costs". Meanwhile, the company's Asia Pacific, Australia and New Zealand and China region saw organic revenue growth of 13%, while operating profit decreased 25%, reflecting certain operating cost increases, and higher advertising and marketing expenses. Chairman and CEO, Ramon Laguarta, commented: "Our full-year net revenue growth meaningfully accelerated in 2021 versus the previous year and this gives us added confidence that the investments we’ve made in our people, brands, innovation, supply chain, go-to-market systems and digitisation initiatives are working". According to Reuters, PepsiCo finance chief Hugh Johnston says that the company could potentially raise prices later this year if costs climb more than expected. He also predicts that some product shortages could potentially happen.