June 2007 -- Profit increased 38% in 2006 for beverage and snack maker PepsiCo Inc. For the year, net income was $5.6 billion compared with $4.1 billion in 2005.
The positive trend has continued for PepsiCo heading into 2007 with its popular Doritos and SunChips brands driving a first-quarter profit increase of 12% over the year-earlier period.
Doritos and SunChips are marketed under PepsiCo's Frito-Lay North America business unit. The company also said its Quaker Foods North America division had a strong quarter backed by Quaker Oatmeal sales.
"PepsiCo Beverages North America successfully cycled strong growth from the year-ago quarter," said company Chairman and CEO Indra Nooyi in an April 25 statement. "Our advantaged non-carbonated beverage portfolio grew volume 8%, lead by strong growth in water and enhanced water and the continued strength of our ready-to-drink tea business, and carbonated beverage performance was in line with our expectations."
