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2022-10-13

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PepsiCo Tops Q3 Earnings, Raises FY2022 Earnings Outlook

PepsiCo Inc. stock rose sharply in early premarket trading after the company posted better-than-expe

PepsiCo Tops Q3 Earnings, Raises FY2022 Earnings Outlook

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Analysts had expected $1.85 and $20.81B, respectively. A 20% jump in revenue derived from the Fito-Lay North America and a rapidly accelerating business in Latin America were cited as key drivers of the strong performance.</p><p>“Given our year-to-date performance, we now expect our full-year organic revenue to increase 12% (previously 10%) and core constant currency earnings per share to increase 10 percent (previously 8%),” CEO Ramon Laguarta said. “We are encouraged by the progress we are making on our strategic agenda, and remain committed to investing in our people, brands, supply chain, and go-to-market systems and winning in the marketplace.”</p><p>A core EPS forecast of approximately $6.73 was raised $0.10 from the previous guidance despite raising the negative impact expectation for foreign exchange. 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Analysts had expected $1.85 and $20.81B, respectively. A 20% jump in revenue derived from the Fito-Lay North America and a rapidly accelerating business in Latin America were cited as key drivers of the strong performance.</p><p>“Given our year-to-date performance, we now expect our full-year organic revenue to increase 12% (previously 10%) and core constant currency earnings per share to increase 10 percent (previously 8%),” CEO Ramon Laguarta said. “We are encouraged by the progress we are making on our strategic agenda, and remain committed to investing in our people, brands, supply chain, and go-to-market systems and winning in the marketplace.”</p><p>A core EPS forecast of approximately $6.73 was raised $0.10 from the previous guidance despite raising the negative impact expectation for foreign exchange. 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An $868M jump in SG&amp;A expense in the third quarter of 2022 as compared to the prior year quarter reflected &#34;higher selling and distribution costs,&#34; according to the company.</p><p>Shares of the Purchase, New York-based beverage and snack giant rose 2.55% shortly after the earnings were posted.</p><p>Shares of Pepsico jumps 2.69% on better-than-expected earnings report.<img src=\"https://static.tigerbbs.com/e33a6319292c51838b9c98d1e2e68dac\" tg-width=\"792\" tg-height=\"723\" referrerpolicy=\"no-referrer\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PEP":"百事可乐"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188624927","content_text":"PepsiCo Inc. stock rose sharply in early premarket trading after the company posted better-than-expected Q3 earnings and raised full-year guidance.For the third quarter, the company notched $21.97B in revenue alongside $1.97 in core earnings per share. Analysts had expected $1.85 and $20.81B, respectively. A 20% jump in revenue derived from the Fito-Lay North America and a rapidly accelerating business in Latin America were cited as key drivers of the strong performance.“Given our year-to-date performance, we now expect our full-year organic revenue to increase 12% (previously 10%) and core constant currency earnings per share to increase 10 percent (previously 8%),” CEO Ramon Laguarta said. “We are encouraged by the progress we are making on our strategic agenda, and remain committed to investing in our people, brands, supply chain, and go-to-market systems and winning in the marketplace.”A core EPS forecast of approximately $6.73 was raised $0.10 from the previous guidance despite raising the negative impact expectation for foreign exchange. 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