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Unformatted text preview: Quaker merger boosts PepsiCo profits LATEST NEWS HEADLINES Browning agents offer speedy customization Forbes to focus on nutraceutical business Why weight loss supplements don't work, according to GSK Penford rolls out fibre with resistant potato starch product Golden Peanut launches organic lines on mainstream demand 11-Feb-2003- The merger in 2000 with Quaker Oats continues to pay off for the soft drinks and snacks company PepsiCo. The company last week reported double-digit operating profit growth for the year to December 2002, boosted by expanded margins as a result of synergies from the Quaker deal. The company has already realised $250 million in synergies from the merger and this should rise to $400 million by the end of 2004. PepsiCo reported net revenues for the full year of $25 billion, up 4 per cent on the previous year (or 5 per cent at constant exchange rates). Volume sales for the year were up 4 per cent, with a 5 per cent rise in snack sales and a 4 per cent increase in beverages. But it was at the operating profit level that the synergies with Quaker were most clearly seen, rising 11 per cent for the...
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- Spring '08