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Image source: Getty Images. Pepsi's results aren't great. Pepsi cut its full-year organic growth guidance from 4% to a "low-single-digit increase" but kept its 8% earnings per share (EPS) forecast ...
While PepsiCo previously guided for organic revenue growth of at least 4%, it now expects approximately 4%. But it reiterated its core constant currency earnings growth outlook of at least 8%.
PepsiCo also reiterated expectations of at least an 8% jump in core constant currency earnings per share. "Management still expects to grow EPS at least 8%, impressive given 12% growth last year.
PepsiCo's quarterly revenue growth — which had frequently grown by double-digits in recent years — has slowed sharply in the last few quarters. Net income fell 5% to $2.9 billion, or $2.13 per share. Adjusted for one-time items, PepsiCo earned $2.31 per share, which was higher than the $2.29 per share analysts were expecting.
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Volume for Pepsi’s North American beverage business fell 3% although brands like Pepsi and Gatorade posted revenue growth in the quarter. Shrinking volume on both food and drink fronts was also ...
The company reported a third-quarter net revenue decline of 0.6% year-over-year to $23.319 billion and organic growth of 1.3%, missing the consensus estimate of $23.825 billion. ... Related: Pepsi ...
Core EPS growth for 2023 is seen at 12%, up from 9% previously. Profit growth at North America Beverages of 9% was slower than the 10% increase in organic sales. What analysts are saying post-earnings