UPDATE: Pepsi (PEP) Tops Q3 EPS by 9c; Boosts FY15 FX-Neutral EPS Growth Outlook
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PepsiCo Reports Third Quarter 2015 Results and Increases Full Year Core Constant Currency Earnings Outlook
October 6, 2015 6:30 AM EDTPURCHASE, N.Y., Oct. 6, 2015 /PRNewswire/ --
Organic/core1 results Organic revenue grew 7.4 percent Core gross margin expanded 120 basis points Core EPS was $1.35 Core constant currency EPS increased 14 percent Reported (GAAP) results Net revenue declined 5 percent reflecting a 12-percentage-point impact of adverse foreign currency translation Gross margin expanded 115 basis points A change in accounting for Venezuela operations resulted in non-core pre- and after-tax charges of $1.4 billion, or $0.92 per share2Â EPS of $0.36, declined 73 percent and includes the Venezuela... More