Pepsico 3Q results below expectations;to cut 3300 jobs

Frito-Lay for news

Pepsico 3Q results below expectations;to cut 3300 jobs

Octubre 14, 2008
PepsiCo Inc (PEP.N) reported a quarterly profit that missed Wall Street expectations, hurt by disappointing U.S. soft drink sales.

The maker of Pepsi-Cola drinks, Frito-Lay snacks and Quaker foods also said on Tuesday that it would cut 3,300 jobs, or roughly 1.8 percent of its work force, as part of a plan to save more than $1.2 billion over three years.

Net income fell to $1.58 billion, or 99 cents per share, in the third quarter ended on Sept. 6 from $1.74 billion, or $1.06 per share, a year earlier.

Excluding losses on commodity hedges, earnings were $1.06 per share. Analysts on average were expecting $1.08, according to Reuters Estimates.

Pepsico 3Q Results

300 jobs cut at Frito-Lay

¿Te gustaría recibir noticias como esta por correo electrónico? ¡Únete y suscríbete!
Únete a nuestra Telegrama ¡Canal para actualizaciones periódicas!
Contenido Patrocinado

Empresa Destacada

Contenido Patrocinado
Urschel - Leaderboard - 20231207
Contenido Patrocinado
Contenido Patrocinado
Contenido Patrocinado
Contenido Patrocinado

Localización

Contenido Patrocinado