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0 0.00151700202191134 0.00134642458316569 -1.81949267994927E-05 -0.000586786389284933 0.00151700202191134 0.000493537389437452 -0.00428263089544054
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Coca-Cola Raises Outlook as Organic Revenue Beats Estimates [BNN Bloomberg (Canada)]

PepsiCo, Inc. (PEP) 
Last pepsico, inc. earnings: 4/28 06:03 am Check Earnings Report
US:NYSE Investor Relations: pepsico.com/investors
Company Research Source: BNN Bloomberg
Organic revenue, which excludes the impact of currency shifts and acquisitions, rose 11% in the quarter, above the average estimate of analysts. The maker of Minute Maid juices and Topo Chico mineral water now sees that same measure growing as much as 9% for the full year — up from the previous range of 6% to 7% and higher than the average estimate. At the same time, unit case volume missed estimates, with water, sports drinks, coffee and tea falling for the quarter. Coca-Cola said its prices, which have risen steadily in recent quarters amid higher input costs, continued to climb. The company hiked prices across a mix of its products 13% in the quarter — more than the increase expected by the market. PepsiCo Inc. last week posted stronger-than-expected sales growth. The shares fell 0.2% at 7:18 a.m. in early New York trading. ©2024 Bloomberg L.P. Top Picks Show less Read more
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