07.07.2016 - PepsiCo Inc. showed strong results
PepsiCo reported on the results for the 2nd quarter of this year. Thus, the profit of the company was 2.01 billion dollars against 1.98 billion in the same period of the previous year. Revenue decreased by 3.3% to 15.4 billion dollars. The negative for the company was the strengthening of the US dollar, which reduced revenues by 4%. The company expects continued sales growth in the US and therefore, we expect growth of quotations the near future by 10-12%.