Pepsi +2.2% after raising full-year guidance on strong results


PepsiCo (NYSE:PEP) +2.2% premarket after beating expectations for Q2 earnings and revenues and raising its full-year earnings outlook.

PEP now sees FY 2014 EPS of ~$4.53, up 8% Y/Y vs. a prior forecast of 7% growth, and reaffirms revenue guidance of growth in the mid-single digits vs. 2013, based on the strength of YTD results and its outlook for the rest of the year; currency translation effects are expected to have a negative impact of ~4% on 2014 EPS growth.

For Q2, volumes in the beverage and snack categories rose 1% and carbonated soft drink volume in the North American market fell 2%, a day after rival Coca-Cola (NYSE:KO) said its North American soda volumes were flat in the quarter.

The Americas foods business posted $6.07B in revenue, up less than 1%, as Frito-Lay North America sales rose 1.7%; Latin America foods sales were relatively flat at $2.12B, and Quaker Foods North America sales fell 2.3%.

Gross margin rose to 54% from 53%; input costs fell 1.5% to $7.78B.

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Comments (2)
  • Capt Jack Daniels
    , contributor
    Comments (1466) | Send Message
     
    I just love it, KO is messing up, meanwhile PepsiCo is showing what competent and well paid, but not excessively gaudy paid executives who need to dilute and steal from their shareholder base -- can produce.

     

    Business in Russia is just fine. Seems the weather is also just fine for PEP.
    23 Jul 2014, 10:37 AM Reply Like
  • Michael Bryant
    , contributor
    Comments (6721) | Send Message
     
    A Bloomberg segment on (NYSE:PEP) said they are coming out with 10 new flavors of chips. The CEO is focused on increasing shareholder value.
    23 Jul 2014, 09:24 PM Reply Like
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