Pepsi's Operating Profit in the sky

Pepsi Bottling Group (PBG) revenues rose by eight per cent to €2.6bn during the third quarter.

The company, which is the world's largest bottler of Pepsi-branded soft drinks,
revealed that operating profit rose 12 per cent on an organic basis to €433m
(€306m) for the twelve-week period ending 8 September. 
In the third quarter, PepsiCo delivered record sales and comparable operating
income driven by outstanding performance in the US and Canada and in Europe,
led by Russia.

The company announced the restructuring strategy in August,
as part of plans to remain competitive against its rivals in soft drink
production. This focus led the group to announce the closure of two of its
eight North American plants, along with increased spending on its distribution
network. PBG said it was also aiming to cut 150 management positions
internationally.