Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

PepsiCo’s 2016 earnings top forecasts, although stronger dollar impacts overseas results

Wednesday, February 15, 2017 6:30
% of readers think this story is Fact. Add your two cents.

Fizzy drinks and snacks firm PepsiCo Inc. (NYSE:PEP) saw its 2016 earnings top forecasts as its revenues and volume grew, although a stronger dollar impacted its results overseas.

Pepsi Co’s 2016 earnings fell to US$1.4bn, or 97 US cents a share, down from US$1.72bn, or US$1.17 a share a year earlier, due to interest expenses and an income tax provision.

However, on an adjusted basis, earnings per share rose to US$1.20, above analyst expectations of US$1.16, while revenue grew by 5% to US$19.52bn, above estimates for US$19.51bn.

Volumes rose across the company’s units – with snack organic volumes up 3% and beverage volumes ahead 1% – but the strong dollar hurt foreign results as it caused the price paid of raw goods abroad to be higher.

PepsiCo’s chief executive Indra Nooyi said the company expects global economy challenges to continue this year.

The group expects its 2017 earnings per share to be $5.09, but that was below the current forecast of US$5.15, with the company forecasting organic revenue growth of at least 3%.

Story by ProactiveInvestors


We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global

Top Alternative




Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.