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0 0.00287242472266236 0.00287242472266236 -0.000693343898573766 0.000396196513470603 0.00723058637083998 0.0106973058637084 0.0259508716323295
Stock impact report

PepsiCo's stock gains as profit beats views but sales miss [MarketWatch]

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: MarketWatch
PepsiCo's stock gains as profit and sales beat expectations This replaces an earlier item that had reported sales missed expectations. It has been corrected. PepsiCo Inc. PEP, -0.29% reported Thursday first-quarter net income that rose to $1.34 billion, or 94 cents a share, from $1.32 billion, or 91 cents a share, in the same period a year ago. Excluding non-recurring items, the beverage and snack giant said core earnings per share came to 96 cents, above the FactSet consensus of 93 cents. The stock edged up 0.8% in premarket trade. Revenue rose 4% to $12.56 billion, above expectations of $12.38 billion, according to FactSet, as Frito-Lay North America sales growth of 3% to $3.62 billion missed expectations of $3.64 billion but the North America beverages sales decline of 1% to $4.42 billion beat expectations of $4.36 billion. The company said its Frito-Lay, beverages and Quaker Foods business were negatively impacted by cost inflation and higher material costs. Looking ahead, Peps Show less Read more
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