US Consumers Tighten Their Soda Belts

25 July 2008

PURCHASE, New York: PepsiCo has posted a 9% rise in profits during the second quarter, despite a slump in soft drinks sales in its home market.

The beverages and snacks giant reported income of $1.7 billion (€1.08bn; £854m) compared with $1.56bn in the year earlier period. Revenues were $10.95bn in Q2, up 14% on the same period in 2007.

The Americas snacks business showed a 16% rise in revenue, which helped offset weak sales of carbonated soft drinks. The company's Americas beverages unit posted a one percent growth in revenue as volume fell by one percent.

Data sourced from Financial Times Online; additional content by WARC staff