Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  PepsiCo, Inc.    PEP

PEPSICO, INC.

(PEP)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

PepsiCo : Revenue Climbs but Profit Drops on Higher Expenses -- 2nd Update

share with twitter share with LinkedIn share with facebook
10/03/2019 | 08:38am EDT

By Allison Prang

PepsiCo Inc.'s sales climbed in its latest quarter amid the company's efforts to invest in areas such as advertising and manufacturing.

The food-and-beverage company said organic revenue growth, which strips out currency swings and acquisitions -- was up 4.3% in the period. The company is now guiding to either meet or beat its expectations for organic revenue growth of 4% for the year.

Net income fell to $2.1 billion in the third quarter, compared with $2.5 billion a year earlier. Earnings fell to $1.49 a share, from $1.75 a share. Adjusted earnings were $1.56 a share, beating FactSet's analyst consensus estimate by 6 cents a share.

PepsiCo's selling, general and administrative costs rose by more than 8%, canceling out much of its top-line gains. The company's income-tax provision almost tripled.

PepsiCo has been investing more in areas such as advertising and distribution. In an interview Thursday, Chief Financial Officer Hugh Johnston said that the company's advertising costs were up 12% year to date and that investment has spanned across its different brands. "We're seeing returns on the investment," Mr. Johnston said.

PepsiCo has also added new lines to the company's manufacturing plants, he said.

Though profit fell, net revenue climbed 4.3% to $17.19 billion, helped by the Frito-Lay North America unit as well as its markets abroad. Analysts were expecting revenue of $16.93 billion.

Net revenue at PepsiCo's North American beverage division rose year over year. PepsiCo earlier this year rolled out three different flavors of Pepsi that are made with real juice.

Shares of PepsiCo rose 2.1% in premarket trading.

Write to Allison Prang at allison.prang@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
PEPSICO, INC. 1.50% 133.55 Delayed Quote.-2.28%
share with twitter share with LinkedIn share with facebook
All news about PEPSICO, INC.
09/24PEPSICO : B&G Foods to remove Cream of Wheat Black chef image from packaging
RE
09/24Bank of America Names Nowell to Succeed Bovender as Lead Independent Director
DJ
09/23Uncle Ben's Changes Brand Rooted in Racist Imagery. Now It's Ben's Original--..
DJ
09/21PEPSICO : Plans Renewable-Energy Push
DJ
09/21PEPSICO : Targets 100% Renewable Electricity Globally
PR
09/20PepsiCo Boss Donald Kendall, Who Started the Cola Wars, Has Died -- Update
DJ
09/20PepsiCo Boss Donald Kendall, Who Started the Cola Wars, Has Died
DJ
09/17Coca-Cola bottlers are feeling flat, even as U.S. grocery sales sparkle
RE
09/15PEPSICO : Red Lobster® and PepsiCo Kick Off New Relationship with the DEW® Garit..
PR
09/14SMILES FOR MILES OF AISLES : Millions of Smiles Return to Stores via Lay's® Pota..
PR
More news
Financials (USD)
Sales 2020 67 966 M - -
Net income 2020 7 173 M - -
Net Debt 2020 33 476 M - -
P/E ratio 2020 25,6x
Yield 2020 2,99%
Capitalization 185 B 185 B -
EV / Sales 2020 3,21x
EV / Sales 2021 3,07x
Nbr of Employees 267 000
Free-Float 74,1%
Chart PEPSICO, INC.
Duration : Period :
PepsiCo, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PEPSICO, INC.
Short TermMid-TermLong Term
TrendsBearishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 147,16 $
Last Close Price 133,55 $
Spread / Highest target 22,8%
Spread / Average Target 10,2%
Spread / Lowest Target -2,66%
EPS Revisions
Managers
NameTitle
Ramon Luis Laguarta Chairman & Chief Executive Officer
Hugh F. Johnston Vice Chairman, Chief Financial Officer & EVP
Rene Lammers Chief Science Officer
Seth Cohen Chief Information Officer & Senior Vice President
Daniel Lucius Vasella Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
PEPSICO, INC.-2.28%184 918
FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V.-31.61%17 350
COCA-COLA EUROPEAN PARTNERS PLC-26.65%17 336
COCA-COLA FEMSA, S.A.B. DE C.V.-33.65%8 450
OSOTSPA-12.35%3 371
COCA-COLA BOTTLERS JAPAN HOLDINGS INC.-37.41%2 951