PepsiCo Q4 earnings beat estimates as guidance falls short; board approves 10% dividend hike

PepsiCo Inc. PEP said Thursday it had net income of $518 million, or 37 cents a share, in the fourth quarter, down from $1.322 billion, or 95 cents a share, in the year-earlier period. Adjusted for non-recurring items, the company had EPS of $1.67, ahead of the $1.65 FactSet consensus. Revenue rose to $27.996 billion from $25.248 billion a year ago, also ahead of the FactSet consensus of $26.828 billion. The company is now expecting 2023 adjusted EPS of $7.20, below the FactSet consensus of $7.

PEP said Thursday it had net income of $518 million, or 37 cents a share, in the fourth quarter, down from $1.322 billion, or 95 cents a share, in the year-earlier period. Adjusted for non-recurring items, the company had EPS of $1.67, ahead of the $1.65 FactSet consensus. Revenue rose to $27.996 billion from $25.248 billion a year ago, also ahead of the FactSet consensus of $26.828 billion. The company is now expecting 2023 adjusted EPS of $7.20, below the FactSet consensus of $7.27.

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Phoenix Coqui awarded $10,000 from PepsiCo ahead of Super Bowl - Phoenix Business JournalPepsiCo Juntos Crecemos and 'That 70s Show' star Wilmer Valderrama presented $10,000 checks to five Hispanic-owned restaurants in the Valley to help them prepare for expected demand during the Super Bowl.
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Phoenix Coqui awarded $10,000 from PepsiCo ahead of Super Bowl - Phoenix Business JournalPepsiCo Juntos Crecemos and 'That 70s Show' star Wilmer Valderrama presented $10,000 checks to five Hispanic-owned restaurants in the Valley to help them prepare for expected demand during the Super Bowl.
Source: phxbizjournal - 🏆 254. / 63 Read more »