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Stock impact report

PepsiCo earnings beat estimates as international demand boosts sales [MSNBC.com]

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: MSNBC.com
PepsiCoreportedShares of the company were down less than 1% in premarket trading.Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: per share: $1.61 adjusted vs. $1.52 expectedPepsi reported first-quarter net income attributable to the company of $2.04 billion, or $1.48 per share, up from $1.93 billion, or $1.40 per share, a year earlier.Excluding items, Pepsi earned $1.61 per share.Net salesBut the company's volume is still under pressure. Pepsi, along with many of its rivals, has seen its volume fall in response to higher prices for its Gatorade, Fritos and other products in its portfolio.The company's food division saw its volume decrease 0.5%, while its beverage segment reported flat volume. The metric strips out pricing and currency changes to reflect demand.A recall of many Quaker Foods cereals and bars only worsened Pepsi's volume problem. The company issued the first recall for potential salmonella contaminatio Show less Read more
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