Pepsico Earnings: Here’s Why Investors are Happy Now
Pepsico, Inc. (NYSE:PEP) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.87%.
Pepsico, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 9.17% to $1.09 in the quarter versus EPS of $1.15 in the year-earlier quarter.
Revenue: Decreased 1.01% to $19.95 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Pepsico, Inc. reported adjusted EPS income of $1.09 per share. By that measure, the company beat the mean analyst estimate of $1.05. It beat the average revenue estimate of $19.7 billion.
Quoting Management: “In 2012, we delivered 5 percent organic revenue growth, reflecting PepsiCo’s many strengths: we’re well positioned in attractive and highly complementary growth categories, our portfolio is diversified with products that have broad appeal and a global footprint that is balanced, and we have an enviable portfolio of iconic brands,” said Chairman and CEO Indra Nooyi.
Key Stats (on next page)…