PepsiCo: profit up, thanks to drinks in the USA
(CercleFinance.com) - PepsiCo announced on Thursday that its Qearnings were up, led by the strong performance of its North American Beverage division.
The US soft drinks and agri-food giant, which owns the Pepsi, Frito-Lay, Tropicana, Gatorade and Quaker brands, said its net income for the last three months of 2020 came in at 1.85 billion dollars, or 1.33 dollar per share, compared with 1.77 billion dollars (1.26 dollar per share) a year ago.
Excluding exceptional items, its core EPS reached 1.47 dollar, just above the consensus of 1.45 dollar per share.
Revenue grew 5.7% in organic terms to 22.45 billion dollars over the period, again above the consensus of 22 billion dollars.
Based on such mouthwatering figures, PepsiCo, which says it expects organic growth of around 5% this year, said it would increase its annual dividend by 5% from 4.09 dollars to 4.30 dollars per share from June.
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The US soft drinks and agri-food giant, which owns the Pepsi, Frito-Lay, Tropicana, Gatorade and Quaker brands, said its net income for the last three months of 2020 came in at 1.85 billion dollars, or 1.33 dollar per share, compared with 1.77 billion dollars (1.26 dollar per share) a year ago.
Excluding exceptional items, its core EPS reached 1.47 dollar, just above the consensus of 1.45 dollar per share.
Revenue grew 5.7% in organic terms to 22.45 billion dollars over the period, again above the consensus of 22 billion dollars.
Based on such mouthwatering figures, PepsiCo, which says it expects organic growth of around 5% this year, said it would increase its annual dividend by 5% from 4.09 dollars to 4.30 dollars per share from June.
Copyright (c) 2021 CercleFinance.com. All rights reserved.