On February 6, PepsiCo reported a 45% drop in Q4 profits to $719 million, or 46 cents/share, from $1.26 billion, or 77 cents in the year-earlier due to writedowns and restructuring. Sales climbed 3.1% to $12.7 billion from $12.3 billion. Pepsi affirmed its $0.425 quarterly dividend.
On April 23, PepsiCo is expected to report first quarter earnings.
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