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The profit of Pepsi decreased with 25% in the first quarter of 2011

The American company to produce soft drinks Pepsi announced a surprise drop in profit in the first quarter. However, the managers of the company reaffirmed its forecast for results for all of 2011. During the first three months of the year profit of Pepsi is 1.14 billion dollars, or 71 cents a share. Over the same period last year, the positive result was 1.43 billion dollars, or 89 cents a share. But then there was a single accounting effect of 958 million dollars profit. The company's revenues grew by 27 percent to 11.94 billion dollars. The expectations of analysts was for earnings of 74 cents per share and revenue of 11.94 billion dollars. The volume of products sold increased by 12 per cent, much of this is due to certain acquisitions made by Pepsi. Gross profit margin improved from 52.4 to 54.4 per cent. For all of 2011 Pepsi expect growth of 7-8 per cent of its profits per share. Thus, the company confirmed its previous forecasts. Last month, Pepsi has experienced serious disappointments, after main rival - Coca-Cola, won the leadership of best-selling diet soft product in the U.S.. The product of Coca-Cola already has a market share of 9.9 per cent, while Pepsi has a 9.5 percent market share of diet drinks. If sodas in general dominance of Coca-Cola continues with the same name product has a share of 17 per cent.
Today, the shares of Pepsi expensive by 1,4 percent to 68.86 dollars per share.