Notes to Consolidated Financial Statements

Note 17 - Selected Quarterly Financial Data

($ in millions except per share amounts, unaudited)

	First Quarter (12 Weeks)				Second Quarter (12 Weeks)			Third Quarter (12 Weeks)			Fourth Quarter (a) (16 Weeks)				Full Year (52 Weeks)
	1998		1997		1998		1997	1998		1997	1998		1997		1998		1998
Net sales	$	4,353	4,213		$	5,258	5,086	$	5,544	5,362	$	7,193	6,256		$	22,348	20,917
Gross profit	$	2,603	2,492		$	3,110	3,017	$	3,261	3,183	$	4,044	3,700		$	13,018	12,392
Unusual impairment and	.				.			.			.				.
other items - loss/(gain) (b)	$	-	(22	)	$	-	326	$	-	-	$	288	(14	)	$	288	290
Operating profit	$	590	581		$	778	436	$	889	929	$	327	716		$	2,584	2,662
Income from continuing	.				.			.			.				.
operations (c)	$	377	318		$	494	176	$	761	551	$	361	446		$	1,993	1,491
Income (loss) from discontin-	.				.			.			.				.
ued operations (d)	$	-	109		$	-	480	$	-	107	$	-	(45	)	$	-	651
Net income	$	377	427		$	494	656	$	761	658	$	361	401		$	1,993	2,142
Net income (loss) per share -	.				.			.			.				.
basic	.				.			.			.				.
Continuing operations	$	0.25	0.21		$	0.33	0.11	$	0.52	0.36	$	0.25	0.30		$	1.35	0.98
Discontinued operations	$	-	0.07		$	-	0.31	$	-	0.07	$	-	(0.03	)	$	-	0.42
Net income	$	0.25	0.28		$	0.33	0.42	$	0.52	0.43	$	0.25	0.27		$	1.35	1.40
Net income (loss) per share -	.				.			.			.				.
assuming dilution	.				.			.			.				.
Continuing operations	$	0.24	0.20		$	0.33	0.11	$	0.50	0.35	$	0.24	0.29		$	1.31	0.95
Discontinued operations	$	-	0.07		$	-	0.31	$	-	0.07	$	-	(0.04	)	$	-	0.41
Net income	$	0.24	0.27		$	0.33	0.42	$	0.50	0.42	$	0.24	0.25		$	1.31	1.36
Cash dividend declared	.				.			.			.				.
per share	$	0.125	0.115		$	0.13	0.125	$	0.13	0.125	$	0.13	0.125		$	0.515	0.49
Stock price per share (e)	.				.			.			.				.
High	$	43 9/16	34 55/64		$	44 11/16	39	$	43 5/8	39 11/16	$	41 1/16	40		$	44 11/16	40
Low	$	34 7/8	29 1/8		$	37 5/8	31 1/4	$	27 11/16	35 1/2	$	28 11/16	34 1/4		$	27 11/16	29 1/8
Close	$	43	32 1/2		$	40 11/16	39	$	30 5/16	37 5/8	$	40 7/16	34 11/16		$	40 7/16	34 11/16
(a) Fourth quarter 1998 includes the operating results of Tropicana which was acquired in August of 1998. (b) Unusual impairment and other items ­ loss/(gain) (see Note 3): Pre-Tax After-Tax Per Share Pre-Tax After-Tax Per Share First quarter $ - $ - $ - $ (22 ) $ 2 $ - Second quarter - - - 326 238 0.15 Fourth quarter 288 261 0.17 (14 ) (1 ) -    Full year $ 288 $ 261 $ 0.17 $ 290 $ 239 $ 0.15 (c) Includes in 1998 a tax benefit of $200 million (or $0.13 per share) in the third quarter and $294 million (or $0.19 per share) in the fourth quarter. See Note 12. (d) See Note 4. (e) Represents the high, low and closing prices for one share of PepsiCo's capital stock on the New York Stock Exchange. Stock prices on or before October 6, 1997 are not adjusted to reflect the TRICON spin-off. See Note 4.     [Previous] [Notes Index] [Next]