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/FIRST AND FINAL ADD -- NY005 -- PEPSICO EARNINGS/

 /FIRST AND FINAL ADD -- NY005 -- PEPSICO EARNINGS/
 /NOTE TO EDITORS: In NY005 -- PepsiCo Reports Earnings -- moved


earlier today, the tables for Condensed Consolidated Statement of Income for the 12-week and 36-week periods were omitted from the release as originally issued. These tables appear below along with the rest of the tabular material, which is repeated/
 PEPSICO, INC. AND SUBSIDIARIES
 Condensed Consolidated Statement of Income
 (in millions except per share amounts, unaudited)
 12 Weeks Ended Pct.
 9/5/92 9/7/91 Change
 Net Sales $5,640.0 $4,881.3 16
 Costs and Expenses, net:
 Cost of sales 2,685.0 2,349.4 14
 Selling, general and
 administrative expenses 2,149.6 1,949.0 (A) 10
 Amortization of goodwill
 and other intangibles 58.5 47.6 23
 Interest expense 134.6 137.4 (2)
 Interest income (25.5) (35.5) (28)
 Total 5,002.2 4,447.9 12
 Income Before Income Taxes 637.8 433.4 (A) 47
 Provision for Income Taxes (B) 212.1 148.0 43
 Net Income $ 425.7 $ 285.4 (A) 49
 Net Income Per Share $ 0.53 $ 0.36 (A) 47
 Average shares outstanding 807.2 802.2
 (A) -- Included $100.4 million in unusual charges ($62.4 after-tax or $0.08 per share) consisting of a $91.4 million restructuring charge to streamline domestic snack foods operations and a $9.0 million charge at domestic KFC related to a delay in the national roll-out of Skinfree Crispy chicken.
 (B) -- The effective tax rates were 33.3 percent in 1992 and 34.1 percent in 1991. Excluding the impact of unusual charges, the effective tax rate was 34.8 percent in 1991.
 PEPSICO, INC. AND SUBSIDIARIES
 Condensed Consolidated Statement of Income
 (in millions except per share amounts, unaudited)
 36 Weeks Ended Pct.
 9/5/92 9/7/91 Change
 Net Sales $15,427.5 $13,678.1 13
 Costs and Expenses, net:
 Cost of sales 7,330.4 6,548.0 12
 Selling, general and
 administrative expenses 6,008.7 5,437.0 (A) 11
 Amortization of goodwill
 and other intangibles 167.0 140.0 19
 Interest expense 411.9 429.4 (4)
 Interest income (81.7) (115.4) (29)
 Total 13,836.3 12,439.0 11
 Income Before Income Taxes 1,591.2 1,239.1 (A) 28
 Provision for Income Taxes (B) 541.0 430.0 26
 Net Income $ 1,050.2 $ 809.1 (A) 30
 Net Income Per Share $ 1.31 $ 1.01 (A) 30
 Average shares outstanding 804.7 803.4
 (A) -- Included $100.4 million in unusual charges ($62.4 after-tax or $0.08 per share) consisting of a $91.4 million restructuring charge to streamline domestic snack foods operations and a $9.0 million charge at domestic KFC related to a delay in the national roll-out of Skinfree Crispy chicken.
 (B) -- The effective tax rates were 34.0 percent in 1992 and 34.7 percent in 1991.
 PEPSICO, INC. AND SUBSIDIARIES
 Supplemental Schedule of Net Sales and Operating Profits
 12 Weeks Ended Sept. 5, 1992 and Sept. 7, 1991
 (in millions, unaudited)
 Net Sales Operating Profits
 12 Weeks 12 Weeks 12 Weeks 12 Weeks
 Ended Ended Percent Ended Ended Percent
 9/5/92 9/7/91 Change 9/5/92 9/7/91 Change
 Beverages
 -Dom $1,404.2 $1,338.4 5 $ 236.1 $ 203.4 16
 -Int'l 569.9 444.0 28 59.2 43.4 36
 -Total 1,974.1 1,782.4 11 295.3 246.8 20
 Snack Foods
 -Dom 983.1 919.9 7 212.6 93.7(A) 127
 -Int'l 672.0 427.8 57 64.6 50.0 29
 -Total 1,655.1 1,347.7 23 277.2 143.7 93
 Restaurants
 -Dom 1,738.0 1,546.8 12 164.4 139.9(B) 18
 -Int'l 272.8 204.4 33 28.8 25.6 13
 -Total 2,010.8 1,751.2 15 193.2 165.5 17
 Total
 -Dom 4,125.3 3,805.1 8 613.1 437.0 40
 -Int'l 1,514.7 1,076.2 41 152.6 119.0 28
 -Total $5,640.0 $4,881.3 16 765.7 556.0 38
 Interest & Other Corporate
 Expenses, net (127.9) (122.6) 4
 Income Before Income Taxes $ 637.8 $ 433.4 47
 Results by Restaurant Chain:
 Pizza Hut $ 862.0 $ 773.1 11 $ 79.4 $ 82.9 (4)
 Taco Bell 610.0 506.1 21 61.2 49.7 23
 KFC 538.8 472.0 14 52.6 32.9(B) 60
 Total $2,010.8 $1,751.2 15 $ 193.2 $ 165.5 17
 (A) -- Included a $91.4 million restructuring charge to streamline domestic


snack foods operations.
 (B) -- Included a $9.0 million charge at domestic KFC related to a delay in the national roll-out of Skinfree Crispy chicken.
 PEPSICO, INC. AND SUBSIDIARIES
 Supplemental Schedule of Net Sales and Operating Profits
 36 Weeks Ended Sept. 5, 1992 and Sept. 7, 1991
 (in millions, unaudited)
 Net Sales Operating Profits
 36 Weeks 36 Weeks 36 Weeks 36 Weeks
 Ended Ended Percent Ended Ended Percent
 9/5/92 9/7/91 Change 9/5/92 9/7/91 Change
 Beverages
 -Dom $ 3,895.7 $ 3,677.8 6 $ 620.0 $ 561.4 10
 -Int'l 1,496.8 1,229.8 22 127.5 102.8 24
 -Total 5,392.5 4,907.6 10 747.5 664.2 13
 Snack Foods
 -Dom 2,772.6 2,637.0 5 546.2 384.9(A) 42
 -Int'l 1,624.9 1,251.9 30 190.1 140.5 35
 -Total 4,397.5 3,888.9 13 736.3 525.4 40
 Restaurants
 -Dom 4,891.0 4,302.9 14 422.6 374.3(B) 13
 -Int'l 746.5 578.7 29 82.6 65.4 26
 -Total 5,637.5 4,881.6 15 505.2 439.7 15
 Total
 -Dom 11,559.3 10,617.7 9 1,588.8 1,320.6 20
 -Int'l 3,868.2 3,060.4 26 400.2 308.7 30
 -Total $15,427.5 $13,678.1 13 1,989.0 1,629.3 22
 Interest & Other Corporate
 Expenses, net (397.8) (390.2) 2
 Income Before Income Taxes $1,591.2 $1,239.1 28
 Results by Restaurant Chain:
 Pizza Hut $ 2,470.1 $ 2,239.3 10 $ 231.9 $ 224.7 3
 Taco Bell 1,647.4 1,383.0 19 141.7 123.6 15
 KFC 1,520.0 1,259.3 21 131.6 91.4(B) 44
 Total $ 5,637.5 $ 4,881.6 15 $ 505.2 $ 439.7 15
 (A) -- Included a $91.4 million restructuring charge to streamline domestic snack foods operations.
 (B) -- Included a $9.0 million charge at domestic KFC related to a delay in the national roll-out of Skinfree Crispy chicken.
 PEPSICO, INC. AND SUBSIDIARIES
 Condensed Consolidated Balance Sheet
 (unaudited, in millions)
 9/5/92 12/28/91
 ASSETS
 Cash and cash equivalents $ 135.8 $ 186.7
 Short-term investments 1,994.8 1,849.3
 Other current assets 2,959.7 2,530.1
 Total Current Assets 5,090.3 4,566.1
 Investments in affiliates
 and other assets 1,732.4 1,681.9
 Property, plant and
 equipment, net 7,313.5 6,594.7
 Goodwill and other
 intangibles, net 6,584.0 5,932.4
 Total Assets $20,720.2 $18,775.1
 LIABILITIES AND SHAREHOLDERS' EQUITY
 Short-term borrowings $ 1,096.7 $ 228.2
 Other current liabilities 3,445.6 3,493.9
 Total Current Liabilities 4,542.3 3,722.1
 Long-term debt 7,798.1 7,806.2
 Other noncurrent liabilities 1,875.2 1,701.4
 Total Liabilities 14,215.6 13,229.7
 Shareholders' Equity 6,504.6 5,545.4
 Total Liabilities and
 Shareholders' Equity $20,720.2 $18,775.1
 -0- 10/13/92 AA NY005
 /END FIRST AND FINAL ADD/
 (PEP) CO: PepsiCo, Inc. ST: New York IN: FOD SU: ERN


GK -- NY005A -- 9185 10/13/92 09:49 EDT
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Date:Oct 13, 1992
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