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PepsiCo Inc.

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Pepsi began 2016 on a strong note as earnings beat the Zacks Consensus Estimate in the first quarter, while sales came in slightly below expectations. Earnings of $0.86 per share grew 11% on a constant currency basis on strong margins and improved volume growth. Organic revenues grew 3.5%.  Performance remained strong in North America while the company saw a significant pickup in sales in Latin America and AMENA segments in the quarter. Despite global macro challenges, Pepsi has been doing well since 2014 on the back of significant innovation, ongoing revenue management strategies, improved productivity and better market execution. However, volatile macro outlook, increasing currency headwinds and persistent sluggish CSD volumes can limit bottom-line growth.

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