retail news in context, analysis with attitude

• PepsiCo said yesterday that its second quarter profits were up nine percent to $1.7 billion, from $1.56 billion during the same period a year ago. Q2 revenue was $10.95 billion, up 14 percent from $9.61 billion a year ago.

• McDonald’s said yesterday that its second quarter profit was $1.19 billion, up from a loss of $711.7 million during the same period a year ago. Q2 sales rose 4 percent to $6.08 billion from $5.84 billion.

• Amazon.com announced that its Q2 net income more than doubled to $158 million, from $78 million a year ago; net sales rose 41 percent to $4.06 billion.

• Anheuser-Busch, soon be to be acquired by Belgian brewer InBev, said that its Q2 net sales increase 4.6 percent to $4.72 billion, as profit rose almost two percent to $689 million.

• Hershey said that its second quarter profit was $41.5 million, a huge increase from the $3.6 million reported during the same period a year ago. Sales rose five percent to $1.1 billion.

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