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PepsiCo, Inc. (PEP - Free Report) 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%.
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 (PEP) Tops Q1 Earnings & Revenue Estimates
PepsiCo, Inc. (PEP - Free Report) 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.
Pepsico, Inc. Price and EPS Surprise
Pepsico, Inc. Price and EPS Surprise | Pepsico, Inc. Quote
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!
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>