PepsiCo, Inc. (NYSE:PEP) is one of the largest food and beverage business in North America and the second largest in the world. The company boasts a diverse portfolio, both geographically and product wise. Its principal brands/businesses include: Frito-Lay snacks, Pepsi-Cola beverages, Gatorade sports drinks, Tropicana juices and Quaker foods. The company has the competitive advantage of selling both snacks and beverages which are complementary food categories.
However, growing health and wellness consciousness is hurting carbonated soft drinks or CSD category growth.
Investors should note that the earnings estimate for PEP have moved north over the past 30 days for the current year and the next. Moreover, PEP has an impressive track record in the earnings season. It has delivered positive earnings surprises in all the past four quarters, bringing the average to a positive surprise of 6.22%.
Currently, PEP has a Zacks Rank #3 (Hold), but that could definitely change following Pepsi’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: PEP beat earnings. Our consensus earnings estimate called for EPS of 91 cents/share, and the company reported core EPS of 94 cents/share.
Revenues: PEP reported revenues of $12.05 billion. This surpassed our consensus estimate of $11.97 billion.
Key Stats to Note: Revenues increased 2.1% on an organic basis, lower than 3.7% in the previous quarter.
Stock Price: Shares rose 0.56% in pre-market trading at the time of writing.
Check back later for our full write up on this PEP earnings report later!
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Pepsico, Inc. (PEP): Free Stock Analysis Report
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