PepsiCo has reported a revenue increase of 0.8% to $20.1 billion for its fourth quarter.
The group’s organic revenue rose by 4.1%, while net profit increased by 5% to $1.74 billion.
European snack volumes increased by 2%, but beverages fell by 2%.
Overall organic sales rose by 11% in in Asia, the Middle-East and Africa.
Volumes of carbonated soft drinks fell by a mid-single-digit percentage in North America.
Non-fizzy drinks rose by a low-single-digit percentage in the same market.
Snack volumes were up 3% with beverage volumes down 2% in the Americas.
PepsiCo also revealed plans to raise its annual dividend by 15%.
The group said it would extend its cost-cutting programme by a further five years.
The cost-savings initiative is expected to save the group $1 billion dollars per annum until 2019.
However, 40% of the savings will come from job cuts, said its chief financial officer, Hugh Johnson.
@ 2014 ESM Magazine
