Market Updates
PepsiCo Net Benefits from Higher Prices and Volumes, Lifts Outlook
Scott Peters
26 Apr, 2022
New York City
PepsiCo, Inc reported first-quarter 2022 revenues increased 9.3% to $16 billion, net income rose 148% to $4.2 billion, and earnings per share increased by the same amount to $3.06 from $1.24 a year ago.
Excluding $3.3 billion benefits from the sale of certain juice brands in North America and Europe, earnings per share were $1.29.
organic revenues increased 13.7% and core earnings per share was $1.29 and increased 7% on constant currency basis.
Impact of exiting from Russia business was $193 million after taxes or 14 cents a share and including all impairment linked to Russia-Ukraine conflict add to $241 million or 17 cents per share.
Frito-Lay North America segment reported quarterly case volume increased 1% and revenues rose 14%.
Quaker Oats North America segment quarterly revenues rose 11% but case volume declined 1.5%.
Pepsico Beverage North America case volume increased 3% and revenues rose 5.5%.
Guidance and Outlook
For the full-year the company lifted its estimate of organic revenue growth to 8% from the previous estimate of 6%.
The food products and beverage maker reiterated its full-year core earnings per share outlook to 8%.
Annual Returns
| Company | Ticker | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|
Earnings
| Company | Ticker | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|