PepsiCo: quarterly results in line, dividend up
(CercleFinance.com) - PepsiCo has met or exceeded all the 2018 financial targets that it set at the beginning of the year, the US soft-drinks maker said on Friday.
This morning, PepsiCo, whose products also include Tropicana juices, Frito-Lay snacks and Quaker oatmeal, reported fourth-quarter net revenue that was in line with last year's level, at 19.5 billion dollars.
Organic revenue - which excludes the impacts of FX translation, acquisitions, divestitures, structural and other changes - grew 4.6%, the company said.
Core EPS reached 1.49 dollar, up 17% excluding FX factors, bang in line with the consensus.
For 2019, Pepsi said it expects 4% organic revenue growth and approximately a 1% decline in core constant currency EPS, with the latter being impacted by incremental investments.
However, the company announced a 3% increase in its 2018 dividend to 3.82 dollars per share, from 3.71 dollars per share.
The stock was up 2.5% in pre-market trading.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
This morning, PepsiCo, whose products also include Tropicana juices, Frito-Lay snacks and Quaker oatmeal, reported fourth-quarter net revenue that was in line with last year's level, at 19.5 billion dollars.
Organic revenue - which excludes the impacts of FX translation, acquisitions, divestitures, structural and other changes - grew 4.6%, the company said.
Core EPS reached 1.49 dollar, up 17% excluding FX factors, bang in line with the consensus.
For 2019, Pepsi said it expects 4% organic revenue growth and approximately a 1% decline in core constant currency EPS, with the latter being impacted by incremental investments.
However, the company announced a 3% increase in its 2018 dividend to 3.82 dollars per share, from 3.71 dollars per share.
The stock was up 2.5% in pre-market trading.
Copyright (c) 2019 CercleFinance.com. All rights reserved.