February 2, 1994
Pepsico Inc. said Tuesday that its Taco Bell unit, showing strong growth for the fifth straight year, posted annual earnings of $253.6 million, an 18% increase over the previous year's net income of $214.3 million. Annual sales for the Irvine chain of Mexican-style fast-food eateries also rose 16% to $2.9 billion for the fiscal year that ended Dec. 25 from $2.5 billion the previous year.
June 11, 1993 |
Moscow residents who ride the Russian city's subway were greeted Thursday by a flash of red, white and blue: a pushcart dispensing Taco Bell burritos, hot dogs, sausage and Pepsi-Cola. Pepsico Inc. and its Taco Bell subsidiary in Irvine are following the lead of McDonald's Inc., which introduced its popular line of fast food to Russians three years ago. "Early reports indicate that the pushcart was incredibly popular," said Zane Leshner, Taco Bell's senior vice president of operations.
July 22, 1992
Pepsico Inc. reported a 20% rise in second-quarter earnings, buoyed by higher sales in all three of its divisions: beverages, snack foods and restaurants. The company, which is headquartered in Purchase, N.Y., earned $383 million in the quarter ending June 13, compared to $318.3 million in the same period one year ago. Per share earnings rose 23% to 48 cents versus 39 cents a year ago. Sales grew 11% to $5.2 billion. Beverage division operating profit rose 15% to $295.
February 22, 1992 |
Pepsico Inc. has bought a minority stake in a maker of food vending carts--or kiosks--which the soft drink company plans to use for some of its fast-food operations. Terms of the deal with Carts of Colorado Inc. were not disclosed. The company announced Thursday that it had entered a partnership with Pepsico, the parent of Taco Bell, Pizza Hut and Kentucky Fried Chicken.
January 25, 1991 |
Pepsico Inc. on Thursday canceled plans for a massive call-in contest during Sunday's Super Bowl after talking with the U.S. Federal Communications Commission about overburdening the nation's telephone networks. Each household that called a toll-free number was to have received a coupon for a free two-liter bottle of Diet Pepsi. Three lucky callers were to have won $1 million each.