PepsiCo's fourth-quarter net income has climbed five per cent, helped by higher prices and improved volumes.
The company, which owns Gatorade, Quaker Oats and other products, also announced a five-year, $US5 billion ($A5.5 billion) cost-saving program.
It also plans to increase cash returns to shareholders in 2014 to $US8.7 billion through higher dividends and stock buybacks.
PepsiCo Inc's annual dividend will be raised by 15 per cent, starting in June.
For the period ended December 28, the company earned $US1.74 billion, or $1.12 per share. That compares with $US1.66 billion, or $US1.06 per share, a year ago.
Excluding charges and other items, earnings were $US1.05 per share. Analysts expected $US1 per share.
Revenue rose one per cent to $US20.12 billion. Analysts expected revenue of $US20.1 billion.
