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.
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!