|
|
 | | | |
- close
- close
- close
- close
| |||||||||
This excerpt taken from the PBG 8-K filed Sep 16, 2009. U.S.
& Canada
In our U.S. & Canada segment, operating income
increased two percent versus the prior year. Growth in operating
income includes a five percentage point negative impact from
restructuring and asset disposal charges. The
11
Table of Contents
remaining seven percentage point improvement in operating income
growth was the result of increases in gross profit, coupled with
cost productivity improvements. These improvements were
partially offset by higher SD&A expenses.
Gross profit for our U.S. & Canada segment increased
three percent driven by net price per case improvement, which
was partially offset by a five percent increase in cost of
sales. Increases in cost of sales are primarily due to growth in
cost of sales per case resulting from higher concentrate and
sweetener costs and a one percentage point negative impact from
foreign currency translation.
SD&A in the U.S. & Canada segment increased four
percent driven primarily by strategic initiatives in connection
with the hydration category, partially offset by cost
productivity improvements.
These excerpts taken from the PBG 10-K filed Feb 20, 2009. U.S.
& Canada
In our U.S. & Canada segment, volume decreased four
percent due to declining consumer confidence and spending, which
has negatively impacted the liquid refreshment beverage
category. Cold-drink and take-home channels both declined by
four percent versus last year. The decline in the take-home
channel was driven primarily by our large format stores, which
was impacted by the overall declines in the liquid refreshment
beverage category as well as pricing actions taken to improve
profitability in our take-home packages including our unflavored
water business. Decline in the cold-drink channel was driven by
our foodservice channel, including restaurants, travel and
leisure and workplace, which has been particularly impacted by
the economic downturn in the United States.
U.S.
& Canada
In our U.S. & Canada segment, volume was unchanged,
driven primarily by flat volume in the U.S. Our performance
in the U.S. reflected growth in the take-home channel of
approximately one percent, driven primarily by growth in
supercenters, wholesale clubs and mass merchandisers. This
growth was offset by a decline of three percent in the
cold-drink channel, as a result of declines in our small format
and foodservice channels. From a brand perspective, our
U.S. non-carbonated portfolio increased six percent,
reflecting significant increases in Trademark Lipton and water,
coupled with strong growth in energy drinks. The growth in our
U.S. non-carbonated portfolio was offset by declines in our
CSD portfolio of three percent, driven primarily by declines in
Trademark Pepsi.
In Canada, volume grew two percent, driven primarily by three
percent growth in the cold-drink channel and two percent growth
in the take-home channel. From a brand perspective, our
non-carbonated portfolio increased 13 percent, reflecting a
12 percent increase in Trademark Lipton and a five percent
increase in water.
U.S.
& Canada
In our U.S. & Canada segment, net revenues were flat
versus the prior year driven by net price per case improvement
offset by volume declines. The four percent improvement in net
price per case was primarily driven by rate increases taken to
offset rising raw material costs and to improve profitability in
our take-home packages including our unflavored water business.
U.S.
& Canada
In our U.S. & Canada segment, four percent growth in
net revenues was driven mainly by increases in net price per
case as a result of rate gains. The favorable impact of
Canada’s foreign currency translation added slightly less
than one percentage point of growth to the segment’s four
percent increase. In the U.S., we achieved revenue growth as a
result of a net price per case improvement of four percent.
23
Table of Contents
U.S. & Canada In our U.S. & Canada segment, volume decreased four percent due to declining consumer confidence and spending, which has negatively impacted the liquid refreshment beverage category. Cold-drink and take-home channels both declined by four percent versus last year. The decline in the take-home channel was driven primarily by our large format stores, which was impacted by the overall declines in the liquid refreshment beverage category as well as pricing actions taken to improve profitability in our take-home packages including our unflavored water business. Decline in the cold-drink channel was driven by our foodservice channel, including restaurants, travel and leisure and workplace, which has been particularly impacted by the economic downturn in the United States. U.S.
& Canada
In our U.S. & Canada segment, operating income was
$886 million in 2008, decreasing one percent versus the
prior year. Restructuring and asset disposal charges taken in
the current and prior year together contributed a decrease of
two percentage points to the operating income decline. The
remaining one percentage point of growth includes increases in
gross profit per case and lower operating costs, partially
offset by lower volume in the United States.
Gross profit per case improved two percent versus the prior year
in our U.S. & Canada segment. This includes growth in
net revenue per case, which was offset by a six percent increase
in cost of sales per case. Growth in cost of sales per case
includes higher concentrate, sweetener and packaging costs.
SD&A expenses improved three percent versus the prior year
in our U.S. & Canada segment due to lower volume and
pension costs and cost productivity initiatives. These
productivity initiatives reflect a combination of headcount
savings, reduced discretionary spending and leveraged
manufacturing and logistics benefits. Results also include one
percentage point of growth due to restructuring and asset
disposal charges taken in the current and prior year.
U.S. & Canada In our U.S. & Canada segment, volume was unchanged, driven primarily by flat volume in the U.S. Our performance in the U.S. reflected growth in the take-home channel of approximately one percent, driven primarily by growth in supercenters, wholesale clubs and mass merchandisers. This growth was offset by a decline of three percent in the cold-drink channel, as a result of declines in our small format and foodservice channels. From a brand perspective, our U.S. non-carbonated portfolio increased six percent, reflecting significant increases in Trademark Lipton and water, coupled with strong growth in energy drinks. The growth in our U.S. non-carbonated portfolio was offset by declines in our CSD portfolio of three percent, driven primarily by declines in Trademark Pepsi. In Canada, volume grew two percent, driven primarily by three percent growth in the cold-drink channel and two percent growth in the take-home channel. From a brand perspective, our non-carbonated portfolio increased 13 percent, reflecting a 12 percent increase in Trademark Lipton and a five percent increase in water. U.S.
& Canada
In our U.S. & Canada segment, operating income
increased two percent versus the prior year. Growth in operating
income includes a five
24
Table of Contents
percentage point negative impact from restructuring and asset
disposal charges. The remaining seven percentage point
improvement in operating income growth was the result of
increases in gross profit, coupled with cost productivity
improvements. These improvements were partially offset by higher
SD&A expenses.
Gross profit for our U.S. & Canada segment increased
three percent driven by net price per case improvement, which
was partially offset by a five percent increase in cost of
sales. Increases in cost of sales are primarily due to growth in
cost of sales per case resulting from higher concentrate and
sweetener costs and a one percentage point negative impact from
foreign currency translation.
SD&A in the U.S. & Canada segment increased four
percent driven primarily by strategic initiatives in connection
with the hydration category, partially offset by cost
productivity improvements.
U.S. & Canada In our U.S. & Canada segment, net revenues were flat versus the prior year driven by net price per case improvement offset by volume declines. The four percent improvement in net price per case was primarily driven by rate increases taken to offset rising raw material costs and to improve profitability in our take-home packages including our unflavored water business. U.S. & Canada In our U.S. & Canada segment, four percent growth in net revenues was driven mainly by increases in net price per case as a result of rate gains. The favorable impact of Canada’s foreign currency translation added slightly less than one percentage point of growth to the segment’s four percent increase. In the U.S., we achieved revenue growth as a result of a net price per case improvement of four percent. 23 Table of Contents
U.S. & Canada In our U.S. & Canada segment, operating income was $886 million in 2008, decreasing one percent versus the prior year. Restructuring and asset disposal charges taken in the current and prior year together contributed a decrease of two percentage points to the operating income decline. The remaining one percentage point of growth includes increases in gross profit per case and lower operating costs, partially offset by lower volume in the United States. Gross profit per case improved two percent versus the prior year in our U.S. & Canada segment. This includes growth in net revenue per case, which was offset by a six percent increase in cost of sales per case. Growth in cost of sales per case includes higher concentrate, sweetener and packaging costs. SD&A expenses improved three percent versus the prior year in our U.S. & Canada segment due to lower volume and pension costs and cost productivity initiatives. These productivity initiatives reflect a combination of headcount savings, reduced discretionary spending and leveraged manufacturing and logistics benefits. Results also include one percentage point of growth due to restructuring and asset disposal charges taken in the current and prior year. U.S. & Canada In our U.S. & Canada segment, operating income increased two percent versus the prior year. Growth in operating income includes a five 24 Table of Contentspercentage point negative impact from restructuring and asset disposal charges. The remaining seven percentage point improvement in operating income growth was the result of increases in gross profit, coupled with cost productivity improvements. These improvements were partially offset by higher SD&A expenses. Gross profit for our U.S. & Canada segment increased three percent driven by net price per case improvement, which was partially offset by a five percent increase in cost of sales. Increases in cost of sales are primarily due to growth in cost of sales per case resulting from higher concentrate and sweetener costs and a one percentage point negative impact from foreign currency translation. SD&A in the U.S. & Canada segment increased four percent driven primarily by strategic initiatives in connection with the hydration category, partially offset by cost productivity improvements. | EXCERPTS ON THIS PAGE:
RELATED TOPICS for PBG: |
| |||||||
