UNITED STATES (VOP TODAY NEWS) – Net profit of American PepsiCo Inc. (NASDAQ: PEP), one of the world’s largest producers of non-alcoholic beverages, for the 12 weeks ending September 8 was $ 2.498 billion, or $ 1.75 per share, compared to $ 2.144 billion, or $ 1 49 per share, for the comparable period of the previous year, according to a press release of the company.
PepsiCo earnings without taking one-time factors rose to $ 1.59 per share from $ 1.48 per share.
Revenue increased by 1.5% and reached $ 16.485 billion against $ 16.24 billion a year earlier. Organic growth was 4.9%.
Analysts, on average, predicted adjusted earnings of $ 1.57 per share on revenue of $ 16.36 billion.
Sales of Frito-Lay increased by 3% last quarter to $ 3.891 billion, sales of beverages in North America increased by 2% to $ 5.456 billion.
In Europe and Africa, located south of the Sahara, the company’s sales increased by 2%, reaching $ 3.161 billion. In the region that unites Asia, the Middle East and North Africa, revenues decreased by 2% – to $ 1.542 billion. In Latin America, the figure remained almost unchanged. and amounted to $ 1.868 billion
PepsiCo expects organic revenue growth in the current fingodu not less than 3%, although earlier it was said about a growth of 2.3%. The adjusted earnings, as planned, will be $ 5.65 per share, not $ 5.70 per share, as previously expected; the forecast was worsened due to the negative effect of currency fluctuations.
The company intends to buy its own shares in the amount of about $ 2 billion and pay dividends of $ 5 billion by the end of this year.
PepsiCo’s share price during electronic trading on Tuesday fell 0.4%. Since the beginning of the year, the company’s capitalization has decreased by 7.7%, to $ 158 billion.
