PepsiCo Net Rises 35%; Frito-Lay to Cut 780 Jobs
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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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Pepsi Bottling Group Inc.  on Tuesday said quarterly profit rose 9.5 percent, helped by price increases in several markets, leading the bottler to raise its full-year earnings forecast.
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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.
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The Kellogg Company said that it would cut about 220 jobs at its factory in Manchester, England, to counter rising expenses for fuel and commodities. Eliminating the hourly and salaried positions will cost $60 million, the company said in a filing with the Securities and Exchange Commission. The jobs will be eliminated through severance and voluntary retirement, Kellogg said. The chief financial officer, Jeffrey M. Boromisa, said cost cuts including the reductions in Manchester would lower 2006 earnings by about $90 million, or 15 cents a share. Kellogg, based in Battle Creek, Mich., employs more than 1,000 people in Manchester where it makes corn flakes and other of its cereals, said Sam Fulton, a spokesman for Kellogg in Britain.
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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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Pepsico Inc.  posted a 26 percent jump in sales in China, its third-largest market worldwide, to &#36;1 billion in 2004 and aims to sustain double-digit growth in 2005, a senior executive said on Tuesday.
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Bottler PepsiAmericas Inc. PAS.N on   Monday cut its 2006 earnings outlook due to lower-than-expected   net pricing and a higher cost of goods sold in its U.S.   business, and its shares fell as much as 7 percent.
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Planned job cuts announced by employers hit an eight-month high of 107,863 in September, 41 percent more than a year ago, according to a monthly report released Tuesday by outplacement firm Challenger, Gray &amp; Christmas, Inc.
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PepsiCo Inc.  posted a greater-than-expected quarterly profit on Tuesday on a lower tax rate and higher sales of Frito-Lay snacks.
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Kraft Foods Inc. KFT.N, the top U.S.  food maker, said on Tuesday its board increased the company's  dividend by about 13.9 percent.
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PepsiCo Inc. PEP.N, the world's No.  2 soft drink company, on Thursday said quarterly profit rose  due to tax benefits and strong performances from its key  Frito-Lay snack and North American beverage businesses and  raised its full-year profit forecast.
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PepsiCo Inc. PEP.N, the world's No.  2 soft drink company, on Thursday said quarterly profit rose  due to tax benefits and strong performances from its key  Frito-Lay snack and North American beverage units.
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The Pepsi Bottling Group reported higher-than-expected profit yesterday, helped by cost controls and price increases, and raised its full-year forecast, sending its shares up.
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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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PepsiCo Inc., the world&#39;s No. 2 soft- drink maker, said third-quarter earnings increased 35 percent, spurred by surging demand overseas.
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Yum Brands Inc.  on Wednesday reported a 12 percent rise in quarterly net earnings and nudged up its profit forecast for the year as strength in China and a lower tax rate offset weak results at its Taco Bell chain in the United States.
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Pepsi Bottling Group , the  largest bottler of Pepsi drinks, on Tuesday said quarterly net  profit rose, helped by volume growth.