Pepsico Q4 profit sharply declinedChristian 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
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. ■