US - PepsiCo's cost control pays off October 9, 2009
PepsiCo's financial third-quarter profit rose 9 percent, in part on cost control efforts, as revenue dropped on weak beverage sales, the soft drinks and snack maker said yesterday. The maker of Pepsi cola and Frito-Lay snacks earned $1.72 billion (R12.8bn) in the three months to September. That is up from the $1.58bn a year ago. New York-based PepsiCo said its sales slipped 1 percent to $11.08bn from $11.24bn. Sales were hindered by weakness in its PepsiCo Americas Beverages unit, which reported a 6 percent drop in volume and a 9 percent revenue decline. - Sapa-AP
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