Pepsico (PEP) reported 3rd Quarter September 2019 earnings of $1.56 per share on revenue of $17.2 billion. The consensus earnings estimate was $1.50 per share on revenue of $17.0 billion. The Earnings Whisper number was $1.53 per share. Revenue grew 4.3% on a year-over-year basis.
The company said it continues to expect 2019 earnings of approximately $5.50 per share. The current consensus earnings estimate is $5.51 per share for the year ending December 31, 2019.
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 2019 Results; Updates Full-Year
Organic Revenue Growth Target
PURCHASE, N.Y. - October 3, 2019 - PepsiCo, Inc. (NASDAQ: PEP) today reported results for
the third quarter 2019.
“We are pleased with our results for the third quarter,” said Chairman and CEO Ramon Laguarta.
“While adverse foreign exchange translation negatively impacted reported net revenue
performance, organic revenue growth was 4.3% in the quarter.”
Laguarta continued, “We are making good progress against our strategic priorities and our
businesses are performing well as we continue to make the necessary investments in our
capabilities, brands, manufacturing and go-to-market capacity to propel our future growth. Given
our performance year-to-date, we now expect to meet or exceed our full-year organic revenue
growth target of 4%.”
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