PepsiCo topped analysts' expectations for quarterly earnings and revenue in the fiscal fourth-quarter, but gave a weaker-than-expected outlook for 2022.
The company said it expects to return about $7.7 billion to shareholders in the coming year, including dividends of $6.2 billion and share buybacks totaling $1.5 billion.on Thursday beat expectations for fiscal fourth-quarter earnings and revenue, but warned of cost pressures ahead from the rising price of transportation and packaging.
Pepsi is feeling the impacts of inflation across its businesses. With Frito-Lay North America, the maker of Lay's potato chips and Cheetos, it has had to pay more for cooking oil and packaging. With PepsiCo Beverages North America, transportation and commodities have become pricier.
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:
Where are the Diet Coke advocates ?
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Taco Bell Parent Yum Brands Misses Earnings Estimates as Higher Costs Weigh on ProfitsYum Brands on Wednesday reported mixed results for its fourth quarter as higher costs weighed on profits, leading to an earnings miss. Shares of the company rose less than 1% in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: $1.02 adjusted vs. $1.09 expected Revenue:… Not shocking the quality of the food for all the Yum branded restaurants have went down hill. Especially KFC. Barf. Chickfila is so much better not sure what they are doing but they havent had supply problems. Wonder if because they treat employees and people better This just underscores that large companies are used to making themselves richer by keeping their employees poorer. I'm glad that is starting to change, even if only somewhat (for now). I used to love tacobell tacobellcare yumbrands but the quality of the food has dropped tremendously and they keep raising prices and employees get nothing- I AM DONE WITH YUM BRANDS ESPECIALLY
Source: NBCDFW - 🏆 288. / 63 Read more »
Chipotle stock gets a boost on earnings beat, chain plans to add more locations in small townsChipotle Mexican Grill beat analysts' estimates year-over-year in revenue and earnings per share in Q4, and it plans to open more stores in small towns. Food poisoning expansion. That can’t be good.
Source: FoxBusiness - 🏆 458. / 53 Read more »
Pfizer Stock Drops After Earnings. Guidance Fell Short of Estimates.The firm expects record revenue in 2022 and sees a big increase in sales of its Covid antiviral. Total revenue projections fell short of expectations. Man, how do they do it? Literally all about money. How about it’s “effectiveness”? Y’all not preaching about that. Blimey ! The sick & paranoid are making Pfizer very rich ! Apparently making a profit of around £20 for every jab they manufacture. I can name at least one company that would like this pandemic to go on forever.
Source: MarketWatch - 🏆 3. / 97 Read more »