PepsiCo forecast surprise drop in 2019 core profit [Reuters]
PepsiCo, Inc. (PEP)
Last pepsico, inc. earnings: 4/28 06:03 am
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Source: Reuters
PepsiCo forecast surprise drop in 2019 core profit (Reuters) - PepsiCo Inc forecast a surprise drop in full-year profit that was well below Wall Street estimates on Friday, hit by a stronger dollar, higher tax rate and increased investments in the business. The company expects 2019 adjusted profit per share to drop 3 percent to $5.50, while analysts on average were expecting a 3.5 percent rise in profit to $5.86 per share, according to IBES data from Refinitiv. Rival Coca-Cola Co also warned on Thursday that its earnings per share could fall in 2019, citing the strengthening dollar. Reporting by Aishwarya Venugopal in Bengaluru; Editing by Bernard Orr Our Standards: The Thomson Reuters Trust Principles.
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PEP
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- 4/24/24 - Miss
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- 4/23/24 - Form 10-Q
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- 4/15/24 - Form PX14A6G
- PEP's page on the SEC website