date:Dec 19, 2013
ble devaluation of the Venezuelan bolivar was likely to reduce earnings to the low end of its forecast range, the company said.
Net income rose to $550 million, or 84 cents per share, in the second quarter, from $541.6 million, or 82 cents per share, a year earlier.
Excluding items, the company earned 83 cents per share.
Net sales at the company, which also owns Old El-Paso Mexican foods and Haagen-Dazs ice creams, fell slightly to $4.88 billion.
Analysts on average had expected earnings of