Coca-Cola Raises Outlook as Organic Revenue Beats Estimates [BNN Bloomberg (Canada)]
PepsiCo, Inc. (PEP)
Last pepsico, inc. earnings: 4/28 06:03 am
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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
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News
- PepsiCo, Inc. (NASDAQ: PEP) had its price target raised by analysts at Jefferies Financial Group Inc. from $209.00 to $211.00. They now have a "buy" rating on the stock.MarketBeat
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PEP
Earnings
- 4/24/24 - Miss
PEP
Sec Filings
- 5/14/24 - Form 4
- 5/13/24 - Form 4
- 5/10/24 - Form 144
- PEP's page on the SEC website