Pepsi profits rise 61% as international sales climb

PEPSICO posted a 61% rise in quarterly profit yesterday on strong US sales of Frito-Lay snacks, but shares fell because of weak demand for its Gatorade sports drink and a conservative forecast.

The world’s No 2 soft drink company behind CocaCola said net earnings rose to $1.78 billion (€11.36bn), or $1.06 per share, in the fourth quarter from $1.11bn, or 65 cents per share, a year earlier.

PepsiCo’s worldwide concentrate headquarters is in Cork.