Pepsico (PEP) reported 3rd Quarter September 2021 earnings of $1.79 per share on revenue of $20.2 billion. The consensus earnings estimate was $1.73 per share on revenue of $19.3 billion. The Earnings Whisper number was $1.76 per share. Revenue grew 11.6% on a year-over-year basis.
The company said it expects 2021 earnings of at least $6.20 per share on revenue of approximately $76.00 billion. The company's previous guidance was earnings of approximately $6.20 per share on revenue of approximately $74.59 billion and the current consensus earnings estimate is $6.24 per share on revenue of $76.99 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 Third-Quarter 2021 Results; Raises Full-Year Guidance
PURCHASE, N.Y. - October 5, 2021 - PepsiCo, Inc. (NASDAQ: PEP) today reported results for the third quarter 2021.
“We are pleased with our results for the third quarter as we delivered very strong net revenue growth while carefully navigating a dynamic and volatile supply chain and cost environment. Given our year-to-date performance, we now expect our full-year organic revenue to increase approximately 8 percent and core constant currency earnings per share to increase at least 11 percent,” said Chairman and CEO Ramon Laguarta.
Laguarta continued, “Our strong year-to-date results demonstrate that the investments we have made towards becoming a Faster, Stronger, and Better company are working. To further complement and enhance our strategic framework, we recently introduced PepsiCo Positive (pep+), a fundamental end-to-end transformation of what we do and how we do it to create growth and shared value with sustainability and human capital at the center. We are extremely pleased with the progress we are making on our strategic agenda, and remain committed to the investments in our people, supply chain, plants, go-to-market systems, and digitization initiatives to build competitive advantages and win in the marketplace.”
For the full earnings release, please go here.