PepsiCo has reduced its full-year 'core' earnings outlook to $6.63 per share from $6.67, even as it reported robust net sales of $16.20 billion and organic sales growth of 13.7%. The North America Beverages unit notably contributed with a 21% rise in operating profits. Despite the positive sales figures and an upward revision on revenue forecasts, PepsiCo's stock fell 0.7%, likely reacting to the revised earnings guidance. The company continues to demonstrate financial resilience, having increased its dividends for over 50 consecutive years.
“PepsiCo · slashed its full year "core" earnings outlook to · $6.63 a share · from $6.67 previously”
“PepsiCo · now sees organic sales growth of · 8% · compared to 6% previously”
“PepsiCo · achieved net sales of · $16.20 billion · vs. $15.57 billion”
“PepsiCo · reported organic sales growth of · +13.7% · vs. +9.68%”
“PepsiCo · reported diluted EPS of · $1.29 · vs. $1.23”
“PepsiCo North America Beverages · had organic sales increase of · 13%”
“PepsiCo North America Beverages · reported operating profits rising by · 21%”
“PepsiCo, Inc. (NASDAQ:PEP) · has increased its dividend · for over 50 consecutive years”
“PepsiCo, Inc. (NASDAQ:PEP) · is · an American multinational food, snack, and beverage corporation”
“PepsiCo, Inc. (NASDAQ:PEP) · has increased · its dividend · over 50 consecutive years”
“PepsiCo, Inc. (NASDAQ:PEP) · has increased · its dividend · for over 50 consecutive years”
“PepsiCo · stock fell · 0.7% · true”
