The results reflect top-line gains across its worldwide snacks and beverage businesses, the acquisition of Wimm-Bill-Dann, gains from sales of certain businesses and the favourable impact of an extra reporting week offset by high commodity costs.
“In 2011, we delivered solid top- and bottom-line growth,” said PepsiCo chairman and CEO Indra Nooyi. “We continued to stimulate strong consumer demand for our products, and our successful pricing and productivity programmes partially offset the impacts of inflation. Importantly, in a year characterised by a challenging macroeconomic environment and political turbulence, we took advantage of gains from strategic adjustments to our portfolio to reinvest in key capabilities and markets.
“At the same time, we improved our long-term competitiveness in key emerging and developing markets through:
“PepsiCo has great brands and strong brand-building capabilities, innovative products and tremendous global reach, advantages we will continue to build upon. These strengths, coupled with strategic initiatives we separately announced today, will improve our ability to drive growth and generate shareholder value in the years ahead.”
Highlights
Source: PepsiCo Inc
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