Daily Archives: February 19, 2019

PepsiCo finishes year higher amid rising costs

PepsiCo, the company behind such brands as 7Up, Pepsi Cola, Mountain Dew, Aquafina bottled water, among others reported a 2% revenue growth for the full year 2018 to $64.6bn. Fourth quarter sales was flat at $19.5bn.

The company said that fourth quarter net income rose to $6.85bn compared to a loss of -$710m in the same period in 2017, while full year net income grew to $12.55bn, from $4.9bn in the previous year,  due to a one-time $2.5bn tax charge related to the new U.S. tax law.