PepsiCo earnings beat, but beverage business still struggles to find US growth [CNBC]
PepsiCo, Inc. (PEP)
Last pepsico, inc. earnings: 4/28 06:03 am
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Source: CNBC
show chapters PepsiCo on Tuesday reported fourth-quarter earnings and revenue that topped analysts' expectations, despite the pressure that retailers and changing consumer tastes have put on its core beverage business. Pepsi's shares were down fractionally in premarket trading. Here is what PepsiCo reported versus expectations by analysts in a Thomson Reuters survey: EPS: $1.31 per share, adjusted, vs. $1.30. Revenue: $19.53 billion, vs. $19.39 billion. We are pleased with our performance for the fourth quarter and full year 2017, Chairwoman and CEO Indra Nooyi said in a statement. We met or exceeded most of the financial goals we set out at the beginning of the year. We delivered these results in the midst of a dynamic retail environment and rapidly shifting consumer landscape. Pepsi also on Tuesday said it is laying off off less than one percent of its U.S. work force, primarily in its corporate office. Those moves come as pa
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