It's not just about an ice cold Pepsi anymore. The PepsiCo (PEP) business plan to target health-conscious consumers with brands such as, Gatorade, Quaker, Tropicana, Aquafina, and Naked Juice, among several others apparently has merit.
Shares of PepsiCo Inc. (PEP) rose 3% ahead of the bell on Thursday after the drinks and food company reported earnings that beat Wall Street estimates. PepsiCo Inc. (PEP) said second-quarter adjusted profit came in at $1.32 share, beating estimates of $1.24 a share.
The company’s revenue is split evenly between the U.S. and international markets, and nearly half of total sales come from snacks.
Net profit rose slightly to $1.98 billion, or $1.33 a share, from $1.978 billion, or $1.29 a share, in the year-ago-period.
Revenue fell 6% to $15.92 billion, beating forecasts of $15.80 billion. PepsiCo raised its full-year core constant currency EPS growth outlook to 8%, from 7% expected previously.
PepsiCo, Inc. (PepsiCo) closed at $95.64 yesterday and traded in a range from $95.52 to $96.28 in a trading day shortened by a technical glitch on the NYSE. The stock has traded in a range from $87.46 to $100.76 the past 52 weeks and has a PE of 22. PepsiCo, Inc. (PepsiCo) has a 50 day average volume of 4,253.400 shares traded per day and a divided yield of 2.9%.
About PepsiCo Inc. (PEP)
PepsiCo, Inc. (PepsiCo) is a global food and beverage company. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), Latin America Foods (LAF), which includes its food and snack businesses in Latin America; PepsiCo Americas Beverages (PAB), which includes its North American and Latin American beverage businesses; PepsiCo Europe (Europe), which includes beverage, food and snack businesses in Europe and South Africa, and PepsiCo Asia, Middle East and Africa (AMEA), which includes beverage, food and snack businesses in AMEA, excluding South Africa.
Through its operations, bottlers, contract manufacturers and other third-parties, the Company manufactures, markets, distributes and sells a variety of beverages, foods and snacks, serving customers and consumers in more than 200 countries and territories.