Pepsico (PEP) reported 2nd Quarter June 2021 earnings of $1.72 per share on revenue of $19.2 billion. The consensus earnings estimate was $1.52 per share on revenue of $17.9 billion. The Earnings Whisper number was $1.56 per share. Revenue grew 20.5% on a year-over-year basis.
The company said it expects 2021 earnings of approximately $6.20 per share on revenue of approximately $74.59 billion. The company's previous guidance was earnings of approximately $5.94 per share on revenue of approximately $73.89 billion and the current consensus earnings estimate is $6.06 per share on revenue of $75.56 billion for the year ending December 31, 2021.
PepsiCo Inc is a food, snack and beverage company. It manufactures, markets,
distributes and sells convenient and enjoyable beverages, foods and snacks,
serving customers and consumers in more than 200 countries and territories.
PepsiCo Reports Second-Quarter 2021 Results; Raises Full-Year Guidance
PURCHASE, N.Y. - July 13, 2021 - PepsiCo, Inc. (NASDAQ: PEP) today reported results for the second quarter 2021.
“We are pleased with our second quarter results as we delivered very strong double-digit net revenue and earnings per share growth. Given the strength of our results, we now expect our full year organic revenue to increase 6 percent and core constant currency earnings per share to increase 11 percent,” said Chairman and CEO Ramon Laguarta.
Laguarta continued, “Our results give us confidence that the investments behind our Faster, Stronger and Better framework are working - as we invest in our brands, supply chain and go-tomarket systems, manufacturing capacity, capabilities and culture, and our society by integrating purpose into everything we do. Moving forward, we remain focused on winning in the marketplace and building competitive advantages that will position us well as consumer habits and preferences evolve over time.”
For the full earnings release, please go here.