PEPSICO, INC.

(PEP)
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Real-time Estimate Cboe BZX  -  01:29 2022-08-17 pm EDT
180.34 USD   +0.01%
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PepsiCo 2Q Profit Rises on North American Beverage Sales

07/13/2021 | 06:31am EDT

By Dave Sebastian

PepsiCo Inc. said its profit rose for the recent quarter, driven by its beverage sales in North America.

The food-and-beverage company on Tuesday posted net income attributable to the company of $2.36 billion for the fiscal second quarter, compared with $1.65 billion in the prior year. Earnings were $1.70 a share, compared with $1.18 a share in the year-ago period

Adjusted earnings were $1.72 a share, the company said. Analysts polled by FactSet had been expecting $1.53 a share.

For the quarter ended June 12, net revenue rose to $19.22 billion from $15.95 billion, the company said. Analysts were looking for $17.96 billion. Revenue grew nearly 13% on an organic basis.

Revenue for the North America beverage segment rose to $6.16 billion from $4.97 billion, Frito-Lay North America rose to $4.55 billion from $4.27 billion, and Quaker Foods North America revenue fell to $575 million from $664 million, and its, the company said.

Write to Dave Sebastian at dave.sebastian@wsj.com

(END) Dow Jones Newswires

07-13-21 0630ET

Stocks mentioned in the article
ChangeLast1st jan.
DOW JONES INDUSTRIAL -0.47% 33992.17 Real-time Quote.-6.02%
PEPSICO, INC. 0.04% 180.44 Delayed Quote.3.81%
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Financials (USD)
Sales 2022 83 572 M - -
Net income 2022 10 812 M - -
Net Debt 2022 31 149 M - -
P/E ratio 2022 23,3x
Yield 2022 2,49%
Capitalization 249 B 249 B -
EV / Sales 2022 3,35x
EV / Sales 2023 3,22x
Nbr of Employees 309 000
Free-Float 73,9%
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Mean consensus OUTPERFORM
Number of Analysts 20
Last Close Price 180,32 $
Average target price 181,00 $
Spread / Average Target 0,38%
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Managers and Directors
Ramon Luis Laguarta Vice President-Business Development
Hugh F. Johnston President-Pepsi-Cola North America
Rene Lammers Chief Science Officer & Executive Vice President
Seth Cohen Chief Information Officer & Senior Vice President
Pietro Antonio Tataranni Chief Medical Officer & Senior VP-Life Sciences
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