Pepsico Continues Profits Surge Under New Ceo

12 February 2007

PURCHASE, New York: Three months into her role as Pepisco chief executive, Indra Nooyi on Friday celebrated her additional appointment as chairwoman of the foods and beverages giant by presiding over a 61% rise in fourth quarter net profits at $1.78 billion (€1.36bn; £912.25m) on revenues up by 3% to $10.38bn.

Wall Street was reassured that Nooyi, who will assume her additional role in May [WARC News: 06-Feb-07], appears on course to continue the robust growth achieved by her predecessor as chairman/ceo Steve Reinemund.

Emerging markets such as Russia, Turkey, Egypt and Argentina provided the quarter's strongest performance, driving a 16% increase in international sales - now the source of two-fifths of the company's revenues.

Data sourced from Financial Times; additional content by WARC staff