Pepsico 4th-quarter profit falls on some charges

[February 13, 2009]  PURCHASE, N.Y. (AP) -- Pepsico, the world's second-biggest beverage maker, says its fourth-quarter profit fell partly on restructuring and impairment charges, but adjusted results met analysts' expectations.

Earnings fell to $719 million, or 46 cents per share, from $1.26 billion, or 77 cents per share, a year earlier.

Excluding restructuring and impairment charges and other items, net income was $1.39 billion, or 88 cents per share.

Purchase, N.Y.-based Pepsico, which sells Pepsi, Gatorade and other brands, says revenue climbed 3 percent to $12.73 billion from $12.35 billion.

Analysts polled by Thomson Reuters forecast profit of 88 cents per share on revenue of $12.8 billion.

The company expects mid- to high single-digit growth for 2009 earnings and revenue.

[Associated Press]

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