Income for PepsiCo, Inc. during the first quarter was down 20% on rising costs despite a 27% increase in revenue. For the quarter ended March 19, the company had income of $1,143 million, equal to 71c per share on the common stock, which compared with income of $1,430 million, or 89c per share, during the same quarter of the previous year. Revenue for the quarter was $11,937 million, up 27% from $9,368 million during the same quarter of the previous year. Revenue was up on volume growth, effective net pricing, the impact of bottler acquisitions and the acquisition of Wimm-Bill-Dann. “We are pleased with the broad-based volume and net revenue growth in the quarter,” said Indra Nooyi, chairman and chief executive officer. “Growth in emerging markets was strong, driving attractive gains in Eastern Europe, Asia and the Middle East.” “Strong top-line performance in the first quarter translated to solid financial results,” said Hugh Johnston, chief financial officer. “As expected, we are experiencing a high level of input cost inflation, which we are addressing with productivity programs, prudent pricing actions and systematic hedging that give us good visibility into our cost outlook for the year. We are executing as planned and remain confident in our full-year outlook.”

UkrAgroConsult