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PepsiCo tops expectations on revenue and earnings

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  • EPS: $1.31 consistent with proportion, vs $1.30 anticipated, in accordance to Thomson Reuters
  • Revenue: $19.53 billion vs. $19.39 billion anticipated, in line with Thomson Reuters

Pepsi additionally boosted its annual dividend by way of 15 %.

Pepsi’s CFO referred to as the drop a “toe stub” as the corporate appears to be like to steadiness its slow-growing core trade with extra on-trend inventions. Its most up-to-date innovation comprises “Bubbly,” Pepsi’s resolution to the expansion in glowing water beverages.

Meantime, the corporate’s traditionally widespread Gatorade sports activities drink additionally struggled ultimate quarter, which Pepsi mentioned used to be the results of knocking down gross sales in comfort shops and a cooler summer time.

Pepsi may also most likely be requested about Keurig Green Mountain’s deliberate acquisition of Dr Pepper Snapple, introduced ultimate month. The deal creates a brand new competitor for Pepsi, that mixes sizzling and chilly beverages and may also glance to benefit from Dr Pepper’s distribution community.

This is breaking information. Please test again for updates.

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