Take these sentences from the following article. Can we express this more succintly and simpler?
“We were adversely impacted by continued weakness in the U.S. liquid refreshment beverage category, which resulted in disappointing performance in our domestic beverage business. We are taking important steps to revitalize our beverage portfolio.”
How about .. " We sold less soda than we expected, but we hope to sell more soda next quarter".
And isn't there some redundancy in the term 'liquid refreshment beverage category' . Aren't liquid refreshments also beverages, and vice versa?
But would the board of directors pay this woman multi-millions to be the CEO if she spoke like this ?
Pepsi cutting back
Pepsico (PEP) is cutting back. The Purchase, N.Y., drinks-and-snacks conglomerate posted softer-than-expected third-quarter earnings Tuesday and set plans to cut 3,300 jobs as the economic slowdown and changing consumer tastes hit soda sales. Pepsi made $1.56 billion, or 99 cents a share, for the quarter ended Sept. 30, down from the year-ago $1.74 billion, or $1.06 a share. Excluding certain costs, earnings were $1.06 a share in the latest quarter, 2 cents shy of the Thomson Financial analyst consensus estimate.
“In the third quarter, our worldwide snacks and international beverage businesses performed well once again,” said CEO Indra Nooyi. “We were adversely impacted by continued weakness in the U.S. liquid refreshment beverage category, which resulted in disappointing performance in our domestic beverage business. We are taking important steps to revitalize our beverage portfolio.”
Pepsi will close six plants and cut 2% of jobs worldwide in a plan that aims to produce pretax savings of $1.2 billion. The company said it expects to make $3.67 or $3.68 a share for 2008, 6 cents below the Thomson Financial target, due in part to the recent surge in the value of the dollar, which reduces the company’s overseas profits. But Pepsi said it wouldn’t offer any guidance for next year till it posts fourth-quarter numbers in January, citing “macro economic turbulence and volatility in the currency markets.”