Tax benefit lifts Pepsi profit 35 percent
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PURCHASE, NY -- PepsiCo Inc.&#39;s net income rose 35 percent in its latest quarter from a year ago, helped by growth in beverage and snack volume, as well as a tax benefit.
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Pepsi Bottling Group Inc.  posted slightly higher quarterly profit on Tuesday but failed to allay investor concerns about rising costs, sending its shares down as much as 7.7 percent to their lowest level in nearly three months.
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Heinz posted a greater-than-expected 23 percent rise in quarterly profit, aided by higher prices and increased sales of new ketchup and soup products.
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PeopleSoft has increased its earnings results for the third quarter after recalculating the income tax benefit related to the severance package for its former CEO, Craig Conway.
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Safeway Inc. , the No. 3 U.S. grocer, posted a 77 percent rise in quarterly profit on Thursday, helped by a tax benefit in the latest quarter and year-ago results that were hurt by store closures and employee buyouts.
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PepsiCo Inc. reaffirmed on Thursday its 2007 earnings forecast of at least $3.30 per share.
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PepsiCo Inc., the world&#39;s No. 2 soft- drink maker, said third-quarter earnings increased 35 percent, boosted by sales in Asia and lower taxes.
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Coca-Cola Co. KO.N on Wednesday  reported higher quarterly net income, boosted by the impact of  currency changes, lower taxes and a late surge in demand for  soft drinks, juices and other beverages.
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Limited Brands Inc. LTD.N on Monday  increased its earnings forecast for the third quarter due to a  bigger-than-forecast tax benefit and increased the offer price  in a $2 billion share buyback.
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Johnson Controls Inc. on Tuesday said its fourth-quarter profit rose 25 percent, helped by a lower tax rate and decreased miscellaneous net expenses.
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PepsiCo Inc. PEP.N on Thursday said   quarterly profit rose a better-than-expected 14 percent,   boosted by noncarbonated beverages including Gatorade sports   drinks and Aquafina water and strong growth in international   markets such as Russia and China.
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Coca-Cola Co , the world's  largest maker of soft drinks, reported higher-than-expected  quarterly profit on Wednesday, helped by higher sales,  acquisitions and foreign exchange rates.
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PepsiCo Inc  reported lower  quarterly profit on Thursday, hurt by a higher tax rate and a  decline in sales volume of carbonated soft drinks.
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Pepsi Bottling Group Inc.  reported higher-than-expected profit on Tuesday, helped by cost controls and price increases, and raised its full-year forecast, sending its shares up more than 4 percent.
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Pepsi Bottling Group Inc.  reported a slightly higher quarterly profit on Tuesday, helped by better pricing and volume growth, but concerns about the likely effect of rising costs on its earnings outlook pushed the stock to its lowest level in nearly three months.
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PepsiCo Inc.  posted a 61 percent rise in quarterly profit on Thursday, boosted by strength in its Frito Lay snacks business in the United States and growth abroad.
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PepsiCo Inc. PEP.N, the world's No.  2 soft drink company, said on Thursday quarterly profit rose  due to $221 million in tax benefits and strong performances  from its key Frito-Lay snack and North American beverage  businesses.