Modest top-line growth is offset by a roughly 5% yield.
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The better-than-expected results were due to significant top-line growth, partly offset by higher expenses.
Higher product prices have crossed the threshold of Pepsi as it has for Coca-Cola and other consumer staples businesses, as higher input costs have offset top line growth.
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Though results benefited from improved top line, it was more than offset by higher operating expenses.
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The company said the results were driven by strong top-line growth and improved productivity, partially offset by a higher tax rate.
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Higher guest spending at both domestic and international parks, which accompanied higher rates, more than offset decreased revenues from the Disney Cruise Line.
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The storyline revolves around the new product launches failing to offset sales erosion of the aging RIMM product line.
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In a statement the council said funding from central government was "significantly cut year-on-year" so the council was looking at "innovative ways to generate revenue to offset the declining income while protecting the front-line services".
That is, incremental revenue dollars have less expense dollars offset against them, so more money falls to the bottom line.
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Nor do we expect pro-growth structural reforms such as repeal of the 1974 budget and impoundment act, the line item veto, pay-go rules to require spending cuts to offset proposed spending increases, scoring reform, or a super-majority vote to pass new entitlements.
The manufacturer can shift energy usage to periods when power prices are low to offset the production losses resulting from this arrangement, improving his or her bottom line.
Notre Dame was able to offset a 42-31 rebound disadvantage by going 18 of 21 from the free throw line, led by Jerian Grant's 8-for-9 effort among his 17 points.
As long as growth is sufficient (and it is), there is room to offset video cost pressures in the U.S. with scale benefits below the gross margin line.
At EM, although overall sales were relatively in line with initial expectations, the lower-margin Asia business had a stronger than expected quarter, which was offset by a pronounced slowdown in the Americas region.
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