Net profit slips in first quarter for PepsiCo

Although drinks to snacks giant PepsiCo reported organic sales growth of 3.5 percent and strong growth in earnings per share of 11 percent for the first quarter of 2016, its results showed a different picture. Sales slipped 3 percent to US$11.86 billion compared to the same 12 weeks in 2015, while operating profit was down…

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