Pepsi revenue up 8.8% fueling earnings beat, sees 2021 results meeting long-term targets

  • 📰 CNBC
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 72%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Pepsi revenue up 8.8% fueling earnings beat

In 2021, the company is anticipating mid-single digit growth in organic revenue and high-single digit growth in core earnings per share.

On the heels of the strong quarter, the Frito-Lay owner said that it expects its 2021 results to meet long-term financial targets.Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:Revenue: $22.46 billion vs. $21.78 billion expected

Excluding items, Pepsi earned $1.47 per share, beating the $1.46 per share expected by analysts surveyed by Refinitiv. Frito-Lay North America saw its organic revenue grow 5% during the quarter. Tostitos and Cheetos were among the brands that consumers reached for at the grocery store when looking for at-home snacks.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

𝗚𝗼𝗼𝗱 𝘄𝗼𝗿𝗸𝘀 𝗱𝗲𝘀𝗲𝗿𝘃𝗲𝘀 𝗮 𝗴𝗼𝗼𝗱 𝗿𝗲𝗰𝗼𝗺𝗺𝗲𝗻𝗱𝗲𝗹𝗮𝘁𝗶𝗼𝗻, 𝗜 𝗵𝗮𝘃𝗲 𝗲𝗮𝗿𝗻𝗲𝗱 𝗮 𝗹𝗼𝘁 𝘄𝗶𝘁𝗵 𝗷𝘂𝘀𝘁 𝗮 𝘀𝘁𝗮𝗿𝘁 𝘂𝗽 𝗰𝗮𝗽𝗶𝘁𝗮𝗹 𝗼𝗳 $𝟭𝟬𝟬𝟬 𝗶𝗻 𝗮 𝘁𝗶𝗺𝗲 𝗳𝗿𝗮𝗺𝗲 𝗼𝗳 𝟱𝗱𝗮𝘆𝘀 𝘄𝗶𝘁𝗵 markdonaldAmeli

Quit drinking soda and it's easier to lose fat. No cavities either!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines