Companies and Brands
Does Pepsi Deserve More Credit for Q2 Earnings?
Published:
Last Updated:
When PepsiCo Inc. (NASDAQ: PEP) released its second-quarter financial results before the markets opened on Tuesday, the firm said that it had $1.54 in earnings per share (EPS) and $16.45 billion in revenue. That compares with consensus estimates that called for $1.50 in EPS and $16.42 billion in revenue, as well as the $1.61 per share and $16.09 billion posted in the same period of last year.
[in-text-ad]
In terms of its segments, the firm reported as follows:
Looking ahead to the 2019 full year, the company expects to see organic revenue growth of 4% and a decline in core constant currency EPS of roughly 1% (core EPS of $5.50). Consensus estimates call for $5.53 in EPS and $66.51 billion in revenue.
Ramon Laguarta, PepsiCo’s board chair and chief executive, commented:
While adverse foreign exchange translation negatively impacted our reported net revenue performance, our organic revenue growth was 4.5% in the quarter. We are also pleased with the progress on our priorities to make PepsiCo a faster, stronger and better company by building new capabilities, strengthening our brands, adding capacity to grow and transforming our culture. Our performance for the first half and the progress we are making on our strategic priorities give us increased confidence in achieving the 2019 financial targets we communicated earlier this year.
Shares of PepsiCo were last seen down 0.4% at $132.06, in a 52-week range of $104.53 to $135.24. The consensus price target is $127.84.
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.