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7.76300993271685E-05 -0.000428090620202596 -0.000821866486354766 5.00657886965582E-05 -0.00301576059777429 -0.00841611533357589 -0.00712228034479012 -0.0094849355417033
Stock impact report

Pepsi Tops Estimates Despite A Weakened Domestic Market [Yahoo! Finance]

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: Yahoo! Finance
But despite delivering better than expected earnings and revenue for its first quarter, Pepsi shares dipped about 2% upon the report as Wall Street watched at other things, such as a struggling domestic market. First quarter highlights For the quarter ended on March 23rd, Pepsi reported that revenue grew 2.3% to $18.25 billion, surpassing LSEG's estimate of $18.07 billion. When acquisitions, divestitures and foreign exchange are put aside, organic revenue rose 2.7%. Pepsi earned a net income attributable to the company of $2.04 billion while adjusted earnings per share of $1.61 also surpassed LSEG's estimate of $1.52. Volume is still under pressure. Stripping out pricing and currency changes to truly reflect demand, the beverage segment reported flat volume while food division saw its volume decrease 0.5%. Besides higher prices pressuring volume, recalls of Quaker Foods cereals and bars only worsened the problem by denting the organic volume by about 1%. The recall due to po Show less Read more
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