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American PepsiCo, the world's second-largest producer of soft drinks, in the second quarter reduced its net profit by 14% year-on-year to 1 billion 820 million dollars. Excluding one-time factors, profit was 1 dollar 61 cents per share, while the analysts had predicted 1 dollar 53 cents per share. Revenues grew by 2% to $16 billion 90 million. Experts had expected the figure at $16 billion. The North American division, which produces food, increased its revenue by 4%. Revenues of the American unit, which produces drinks, decreased by 1%. In Europe and Central Africa, revenue growth was 11%, in Latin America - 1%. Revenues in Asia, the Middle East and North America declined by 2%.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
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