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 remained stable over the past 30 days for 2018. PEP has an impressive earnings surprise history. It has delivered positive earnings surprises in all the past four quarters, bringing the average to a positive surprise of 4.72%.
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 (Strong Buy) 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 $1.30/share, and the company reported core EPS of $1.31/share.
Revenues: PEP reported revenues of $19.53 billion. This surpassed the Zacks Consensus Estimate of $19.44 billion.
Key Stats to Note: Revenues increased 2.3% on an organic basis, better than 1.7% in the previous quarter.
Check back later for our full write up on this PEP earnings report later!
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