PEP
$180.17
Pepsico
($.23)
(.13%)
Earnings Details
2nd Quarter June 2022
Tuesday, July 12, 2022 6:00:00 AM
Tweet Share Watch
Summary

Pepsico Beats

Pepsico (PEP) reported 2nd Quarter June 2022 earnings of $1.86 per share on revenue of $20.2 billion. The consensus earnings estimate was $1.73 per share on revenue of $19.5 billion. The Earnings Whisper number was $1.77 per share. Revenue grew 5.2% on a year-over-year basis.

The company said it continues to expect 2022 earnings of approximately $6.63 per share and now expects revenue of approximately $85.83 billion. The company's previous guidance was reported revenue of $84.24 billion and the current consensus earnings estimate is $6.64 per share on revenue of $82.69 billion for the year ending December 31, 2022.

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.

Results
Reported Earnings
$1.86
Earnings Whisper
$1.77
Consensus Estimate
$1.73
Reported Revenue
$20.23 Bil
Revenue Estimate
$19.49 Bil
Growth
Earnings Growth
Revenue Growth
Power Rating
Grade
Earnings Release

PepsiCo Reports Second-Quarter 2022 Results; Updates Full-Year Outlook

PURCHASE, N.Y. - July 12, 2022 - PepsiCo, Inc. (NASDAQ: PEP) today reported results for the second quarter 2022.

“We are pleased with our results for the second quarter as our business momentum continued despite ongoing macroeconomic and geopolitical volatility and higher levels of inflation across our markets,” said Chairman and CEO Ramon Laguarta.

Laguarta continued, “Our results are indicative of our highly dedicated employees, the strength and resilience of our categories, agile supply chain and go-to-market systems and strong marketplace execution. Our performance also gives us confidence that our investments to become an even Faster, even Stronger, and even Better organization by winning with pep+ are working. Given our year-to-date performance, we now expect our full-year organic revenue to increase 10 percent (previously 8 percent) and we continue to expect core constant currency earnings per share to increase 8 percent.”

For the full earnings release, please go here.