Pepsico Outperforms After Smart Investment and Marketing
Pepsico (NYSE:PEP) saw some shareholder love on Valentine’s Day following the release of its fourth-quarter and full-year 2012 earnings report. Shares climbed as much as 2 percent in morning trading after the soft-drink company beat expectations and provided solid 2013 guidance.
Fourth-quarter reported earnings grew 19 percent to $1.06 per share, or $1.09 excluding one-time items, above of expectations for $1.05. Organic revenue grew 5 percent, but net revenue for the period fell 1 percent to $19.95 billion, negatively impacted by a strong dollar.
|Dec. 31, 2011||Mar. 31, 2012||Jun. 30, 2012||Aug. 31, 2012||Dec. 31, 2012|
|Revenue ($) in millions||20,158||12,428||16,458||16,652||19,954|
|Diluted EPS ($)||0.89||0.71||0.94||1.21||1.06|
Net revenues for the year fell 1.5 percent to $65.49 billion, while diluted earnings per share fell 3 percent to $3.92.
|Revenue ($) in millions||43,251||43,232||57,838||66,504||65,492|
|Diluted EPS ($)||3.21||3.77||3.92||4.03||3.92|