Daily Archives: February 18, 2018

PepsiCo sees flat sales and earnings slump in full year as firm struggles with beverage sales

PepsiCo reported a sharp drop in earnings for the full year 2017 by 23% to $4.9bn, blamed on a host of factors including sales decline in its North America Beverages business unit and Quaker Foods North America business segment plus a $2.5bn one-time charge related to the new U.S. tax laws.