Exhibit 99.1
PepsiCo, Inc. and Subsidiaries
Schedule of Reclassified Operating Segment Data – Reported Basis
Volume Growth over Prior Year Period (%)
(unaudited)
| | | | | | | | | | | | | | | |
| | First Quarter | | | Second Quarter | | | Third Quarter | | | Fourth Quarter | | | Full Year | |
| | 2008 | | | 2008 | | | 2008 | | | 2008 | | | 2008 | |
PepsiCo Americas Foods | | | | | | | | | | | | | | | |
| | | | | |
Frito-Lay North America | | 2 | % | | 2 | % | | 1.5 | % | | (1 | )% | | 1 | % |
| | | | | |
Quaker Foods North America | | — | | | 2 | % | | (9 | )% | | — | | | (1.5 | )% |
| | | | | |
Latin America Foods | | 8 | % | | 4 | % | | 3 | % | | 1 | % | | 3 | % |
| | | | | |
PepsiCo Americas Beverages | | 1 | % | | (2.5 | )% | | (3 | )% | | (5 | )% | | (3 | )% |
| | | | | |
PepsiCo International | | | | | | | | | | | | | | | |
| | | | | |
PI Snacks | | | | | | | | | | | | | | | |
Europe | | 7 | % | | 7 | % | | 1 | % | | 8 | % | | 6 | % |
Asia, Middle East & Africa | | 16 | % | | 14 | % | | 9 | % | | 8 | % | | 11 | % |
| | | | | |
Total PI Snacks | | 11 | % | | 10 | % | | 4 | % | | 8 | % | | 8 | % |
| | | | | |
PI Beverages | | | | | | | | | | | | | | | |
Europe | | 22 | % | | 18 | % | | 10 | % | | 14 | % | | 15 | % |
Asia, Middle East & Africa | | 11 | % | | 11 | % | | 11 | % | | 13 | % | | 12 | % |
| | | | | |
Total PI Beverages | | 15 | % | | 13 | % | | 11 | % | | 14 | % | | 13 | % |
Exhibit 99.1
(Continued)
PepsiCo, Inc. and Subsidiaries
Schedule of Reclassified Operating Segment Data – Reported Basis
Supplemental Financial Information
(dollars in millions and unaudited)
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Full Year | | | First Quarter | | | Second Quarter | | | Third Quarter | | | Fourth Quarter | | | Full Year | | | %D over PY | |
| | 2007 | | | 2008 | | | 2008 | | | 2008 | | | 2008 | | | 2008 | | |
Net Revenue | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | |
PepsiCo Americas Foods | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | |
Frito-Lay North America | | $ | 11,586 | | | $ | 2,730 | | | $ | 2,950 | | | $ | 3,057 | | | $ | 3,770 | | | $ | 12,507 | | | 8 | % |
| | | | | | | |
Quaker Foods North America | | | 1,860 | | | | 495 | | | | 406 | | | | 391 | | | | 610 | | | | 1,902 | | | 2 | % |
| | | | | | | |
Latin America Foods | | | 4,872 | | | | 971 | | | | 1,523 | | | | 1,544 | | | | 1,857 | | | | 5,895 | | | 21 | % |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | |
Total PAF | | $ | 18,318 | | | $ | 4,196 | | | $ | 4,879 | | | $ | 4,992 | | | $ | 6,237 | | | $ | 20,304 | | | 11 | % |
| | | | | | | |
PepsiCo Americas Beverages | | $ | 11,090 | | | $ | 2,360 | | | $ | 2,880 | | | $ | 2,923 | | | $ | 2,774 | | | $ | 10,937 | | | (1 | )% |
| | | | | | | |
PepsiCo International | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | |
Europe | | | 5,896 | | | | 984 | | | | 1,837 | | | | 1,913 | | | | 2,157 | | | | 6,891 | | | 17 | % |
| | | | | | | |
Asia, Middle East & Africa | | | 4,170 | | | | 793 | | | | 1,349 | | | | 1,416 | | | | 1,561 | | | | 5,119 | | | 23 | % |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | |
Total PI | | $ | 10,066 | | | $ | 1,777 | | | $ | 3,186 | | | $ | 3,329 | | | $ | 3,718 | | | $ | 12,010 | | | 19 | % |
| | | | | | | |
Total Net Revenue | | $ | 39,474 | | | $ | 8,333 | | | $ | 10,945 | | | $ | 11,244 | | | $ | 12,729 | | | $ | 43,251 | | | 10 | % |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | |
Operating Profit | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | |
PepsiCo Americas Foods | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | |
Frito-Lay North America | | $ | 2,845 | | | $ | 633 | | | $ | 735 | | | $ | 785 | | | $ | 806 | | | $ | 2,959 | | | 4 | % |
| | | | | | | |
Quaker Foods North America | | | 568 | | | | 166 | | | | 122 | | | | 134 | | | | 160 | | | | 582 | | | 2.5 | % |
| | | | | | | |
Latin America Foods | | | 714 | | | | 167 | | | | 254 | | | | 225 | | | | 251 | | | | 897 | | | 26 | % |
| | | | | | | | | | | | | | | | | | | | | | | | �� | | | |
| | | | | | | |
Total PAF | | $ | 4,127 | | | $ | 966 | | | $ | 1,111 | | | $ | 1,144 | | | $ | 1,217 | | | $ | 4,438 | | | 8 | % |
| | | | | | | |
PepsiCo Americas Beverages | | $ | 2,487 | | | $ | 504 | | | $ | 681 | | | $ | 662 | | | $ | 179 | | | $ | 2,026 | | | (19 | )% |
| | | | | | | |
PepsiCo International | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | |
Europe | | | 855 | | | | 119 | | | | 283 | | | | 314 | | | | 194 | | | | 910 | | | 6 | % |
| | | | | | | |
Asia, Middle East & Africa(a) | | | 454 | | | | 122 | | | | 212 | | | | 192 | | | | 42 | | | | 568 | | | 25 | % |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | |
Total PI | | $ | 1,309 | | | $ | 241 | | | $ | 495 | | | $ | 506 | | | $ | 236 | | | $ | 1,478 | | | 13 | % |
Corporate - net impact of mark-to-market on commodity hedges | | | 19 | | | | (4 | ) | | | 61 | | | | (176 | ) | | | (227 | ) | | | (346 | ) | | n/m | |
Corporate - other | | | (772 | ) | | | (154 | ) | | | (163 | ) | | | (152 | ) | | | (192 | ) | | | (661 | ) | | (14 | )% |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | |
Total Operating Profit | | $ | 7,170 | | | $ | 1,553 | | | $ | 2,185 | | | $ | 1,984 | | | $ | 1,213 | | | $ | 6,935 | | | (3 | )% |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
n/m represents year-over-year changes that are not meaningful.
(a) | Full-year 2008 and 2007 includes $24 million and $12 million, respectively, of minority interest that will be reclassified on a retrospective basis below net income upon adoption of Statement of Financial Accounting Standards No. 160,Noncontrolling Interests in Consolidated Financial Statements, an Amendment of ARB No. 51,in the first quarter of 2009. The 2008 quarterly impact is as follows: $4 million in the first quarter, $6 million in the second quarter and $7 million in both the third and fourth quarters. |