Latest Financial Results

19 April 2004

PepsiCo (fiscal Q1)
The food and drink titan saw profits for the three months ending March 20 surge 15% to $804 million (€674m; £450m). Revenues increased 11% to $6.1 billion, as global volumes jumped 7%.
    PepsiCo's Frito-Lay North America snacks arm saw revenues rise 6% to $2.14bn, while its North American beverages business rose 11% to $1.72bn. The fastest growth, however, came at its international units, where sales surged 19% to $1.89bn.

Tribune Company (fiscal Q1)
Tribune, which owns newspapers and TV stations across America, posted a 15% fall in first-quarter earnings to $120.7m, despite a rise in print ad income. Revenues rose 3% to $1.3bn.

Knight Ridder (fiscal Q1)
The US newspaper firm, which operates 31 titles, posted a 10% surge in first-quarter earnings to $55.9m. Revenues climbed 2% to $712.3m, as ad sales rose by the same margin to $547.9m.

McClatchy Company (fiscal Q1)
Profits at McClatchy, owner of 30 US newspapers, edged up to $28.9m in the first quarter, from $25.3m in Q1 2003. Revenues increased 6% to $272.3m, thanks to a 7% surge in ad sales.

Data sourced from: multiple sources; additional content by WARC staff