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Pepsico Q4 profit sharply declined

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Christian Fernsby ▼ | February 13, 2020
Pepsico today reported a profit for the fourth quarter that sharply declined from last year, which included a huge tax benefits.
Pepsico   Fourth quarter net income plunged to $1.77 billion
For 2020, the company expects to deliver 4 percent organic revenue growth and 7 percent core constant currency earnings per share growth.

Topics: Pepsico

Pepsico reported that its fourth quarter net income attributable to the company plunged to $1.77 billion from $6.85 billion in the same quarter last year.

The prior year quarter included a tax benefits of $4.39 billion.

Core earnings for the quarter were $2.04 billion compared to $2.12 billion in the prior year.

Revenue for the fourth quarter grew 5.7 percent to $20.64 billion from $19.52 billion last year.

Organic revenue growth was 4.3 percent.