TechBookyBusiness
No Result
View All Result
Tuesday, July 5, 2022
  • Login
  • Home
  • TechBooky
  • Africa
  • TV
  • Startup
  • Earnings
  • Crypto Price
  • Submit Article
  • Contact Us
  • About Us
Subscribe
TechBooky Business
No Result
View All Result
Home Earnings

Pepsi Co. Surpasses Estimates With 6.8 Percent Revenue Jump

Ibhadojemu Lucky Emmanuel by Ibhadojemu Lucky Emmanuel
April 16, 2021
in Earnings
Share on FacebookShare on Twitter

Pepsi Co. has reported its quarterly earnings and figures show that it has surpassed the estimates that analysts expected of the company. Irrespective of the many setbacks like weather and the coronavirus pandemic faced by the company, it has managed to scale rough as well as recover in its international markets. This is the company’s first quarter facing tough comparisons to stock-piling. According to the company’s CEO; Ramon Laguarta, the company was troubled with weather-related interruptions in the United States. It is also pertinent to know that the company rose less than 1 percent in premarket trading.

The company’s earnings and revenue have surpassed the estimates of Wall Street. The figure for earnings per share expected by Wall Street was $1.12 while the company’s figure for earnings per share was $1.21. The company’s figure for revenue was $14.82 billion compared to $14.55 billion that Wall Street envisioned.

The company also reported that its net income for the fiscal first quarter stood at $1.71 billion or $1.24 per share, up from $1.34 billion, or 96 cents per share, a year earlier. Analysts at Refinitiv say that excluding items, the food and beverage company earned $1.21 per share while they expected $1.12 per share.

The company’s Net Sales rose 6.8 percent to $14.82 billion, exceeding the expectations of $14.55 billion. According to CNBC’s report, organic revenue, which strips out the impact of foreign currency, acquisitions and diversities, grew by 2.4 percent in the quarter as consumers maintained their pandemic snacking habits.

The company’s subsidiary; Frito-Lay North America’s organic revenue jumped 3 percent. Consumers purchased more of the new products like Doritos 3D Crunch and Cheetos Crunch Pop Mix. The segment’s profits were however disturbed by the effects of the February winter storms.

The North American beverage business witnessed organic growth of 2 percent. The company has double-digit revenue growth for its Starbucks ready-to-drink-coffees and its Bubly sparkling water.

The organic revenue for its Quaker Foods rose just 1 percent and mostly benefited because people were mostly at home during breakfast time. This might not be the case when people begin to go back to their offices.

The results outside of North America were mixed as some markets were crippled by new virus outbreaks, and most of its international markets’ first quarter includes only the months of January and February. Europe’s organic revenue remained unchanged from the previous year. Africa, the Middle East and South Asia slipped 1 percent. The organic revenue for Latin America rose 3 percent while the Asia Pacific, Australia and New Zealand, and China Region jumped 18 percent.

Pepsi says that it is forecasting strong sales from its North American beverages unit as more people begin to visit restaurants and movie theatres, but expects the demand for Quaker Foods products to moderate.

Total
13
Shares
Share 13
Tweet 0
Pin it 0
Share 0

Related Posts:

  • Pinterest Stock Rose More Than 25 Percent In Extended Trading After Reporting Earnings For The Fourth Quarter
    Pinterest Stock Rose More Than 25 Percent In Extended…
  • Zoom Issues Better-than-expected First Quarter Earnings And Strong Guidance
    Zoom Issues Better-than-expected First Quarter Earnings And…
  • Snap Beats Analysts’ Estimates On Earnings, Revenue And User Growth, Reports First Profitable Quarter As A Public Company
    Snap Beats Analysts’ Estimates On Earnings, Revenue And User…
  • Xiaomi Reports Lower-than-expected Earnings Amid Covid And Chip Shortage Challenges
    Xiaomi Reports Lower-than-expected Earnings Amid Covid And…
  • Amazon Earnings Beat Expectations With A 44 Percent Surge In Revenue
    Amazon Earnings Beat Expectations With A 44 Percent Surge In…
  • IBM Reports Impressive First Quarter Earnings Results
    IBM Reports Impressive First Quarter Earnings Results
  • Lyft' Q3 Earnings Report Show That The Company Is Making Gradual Recovery From The Effects The Pandemic Had On Its Business
    Lyft' Q3 Earnings Report Show That The Company Is Making…
  • Microsoft Beats Fiscal Third Quarter Quarter Estimates, Shares Soar 6 Percent In Extended Trading
    Microsoft Beats Fiscal Third Quarter Quarter Estimates,…
Tags: earningsearnings seasonpepsi
Previous Post

After Landmark Nasdaq Debut, Coinbase Climbs 10% In Pre-market Trading

Next Post

Bank of America Tops Estimates With Revenue Of $22.9b, Crypto In View

Next Post
Bank of America Tops Estimates With Revenue Of $22.9b, Crypto In View

Bank of America Tops Estimates With Revenue Of $22.9b, Crypto In View

No Result
View All Result

Get top tech business news in your inbox

subscription from
Loading

Crypto Price List

  • USD
  • EUR
  • GPB
  • AUD
  • JPY
  • TadpoleTadpole(TAD)
    $7.32-1.74%
  • SEENSEEN(SEEN)
    $2.05-2.27%
  • EvedoEvedo(EVED)
    $0.082301-0.80%
  • MarginswapMarginswap(MFI)
    $0.184213-2.11%
  • SakeTokenSakeToken(SAKE)
    $0.0127135.28%
  • WTF TokenWTF Token(WTF)
    $0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)
    $0.005461-5.83%
  • RobotinaRobotina(ROX)
    $0.00266138.50%
  • CageCage(C4G3)
    $0.005010-3.67%
  • YAM v2YAM v2(YAMV2)
    $4.70-1.41%

Recent Posts

  • Financial Inclusion In Nigeria Grew To 45 Percent In 2021 – World Bank
  • Meta Is Shutting Its Novi Digital Wallet By September 1st
  • Crypto Is The Answer To Financial Inclusion, Central African Republic’s President Says Amid Huge Aversion For Its Adoption Of Bitcoin
  • Popular Bitcoin Family Reveals They’ve Had Bitcoin Losses Of Up To $1 Million This Year
  • June Was Bitcoin’s Worst Month On Record After The Flagship Crypto Lost 40 Percent Of Its Value

Categories

  • Acquisition
  • Acquisition & Merger
  • App
  • Banking
  • Capital
  • Cryptocurrency
  • Earnings
  • Ecommerce
  • Economy
  • Enterprise
  • Event
  • Funding
  • Gadget
  • Government
  • internet
  • Investment
  • Market
  • Merger
  • Money
  • Partnership
  • Personnel
  • Service
  • Social Media
  • Startup
  • Stocks
  • telecom
  • Venture Capital

Get top tech business news in your inbox

subscription from
Loading

Popular Tags

Acquisition africa amazon apple bitcoin cbn china coinbase company crypto cryptocurrency e-commerce earnings earnings season elon musk facebook fintech Funding gadget google government india internet Investment ipo kenya microsoft money netflix nigeria payment payments Q1 revenue russia service shares social media Startup Stock tech tesla twitter Ukraine whatsapp

Calendar

July 2022
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031
« Jun    

Categories

  • Acquisition
  • Acquisition & Merger
  • App
  • Banking
  • Capital
  • Cryptocurrency
  • Earnings
  • Ecommerce
  • Economy
  • Enterprise
  • Event
  • Funding
  • Gadget
  • Government
  • internet
  • Investment
  • Market
  • Merger
  • Money
  • Partnership
  • Personnel
  • Service
  • Social Media
  • Startup
  • Stocks
  • telecom
  • Venture Capital

Recent News

  • Financial Inclusion In Nigeria Grew To 45 Percent In 2021 – World Bank
  • Meta Is Shutting Its Novi Digital Wallet By September 1st
  • Crypto Is The Answer To Financial Inclusion, Central African Republic’s President Says Amid Huge Aversion For Its Adoption Of Bitcoin
  • Popular Bitcoin Family Reveals They’ve Had Bitcoin Losses Of Up To $1 Million This Year
  • June Was Bitcoin’s Worst Month On Record After The Flagship Crypto Lost 40 Percent Of Its Value
  • Nigerian Mobility Startup Moove Gets $20 Million From The UK Government’s Development Finance Institution – British International Investment (BII)

© 2021 Techbooky Business - Design by Techbookyelite.

No Result
View All Result
  • Home
  • TechBooky
  • Africa
  • TV
  • Startup
  • Earnings
  • Crypto Price
  • Submit Article
  • Contact Us
  • About Us

© 2021 Techbooky Business - Design by Techbookyelite.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$19,533.52-1.27%
  • ethereumEthereum(ETH)$1,113.420.79%
  • tetherTether(USDT)$1.000.33%
  • usd-coinUSD Coin(USDC)$1.000.05%
  • binancecoinBNB(BNB)$226.991.28%
  • Binance USDBinance USD(BUSD)$1.00-0.72%
  • rippleXRP(XRP)$0.317895-1.80%
  • cardanoCardano(ADA)$0.451926-2.83%
  • SolanaSolana(SOL)$34.01-1.35%
  • dogecoinDogecoin(DOGE)$0.066470-2.37%
  • polkadotPolkadot(DOT)$6.81-2.91%
  • Shiba InuShiba Inu(SHIB)$0.000010-1.34%
  • AvalancheAvalanche(AVAX)$17.05-2.54%
  • matic-networkPolygon(MATIC)$0.4999575.33%
  • Terra Luna ClassicTerra Luna Classic(LUNC)$0.000071-5.36%
Posting....