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.
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