• Company News: PepsiCo (PEP) quarterly results beat analysts’ expectations

Market news

5 October 2021

Company News: PepsiCo (PEP) quarterly results beat analysts’ expectations

PepsiCo (PEP) reported Q3 FY 2021 earnings of $1.79 per share (versus $1.66 per share in Q3 FY 2020), beating analysts’ consensus estimate of $1.73 per share.

The company’s quarterly revenues amounted to $20.189 bln (+11.6% y/y), beating analysts’ consensus estimate of $19.392 bln.

The company also raised FY 2021 guidance of organic revenues growth to 8% y/y (from previous guidance of +6% y/y) and reaffirmed FY 2021 EPS guidance of at least +12% y/y to $6.20 (versus analysts’ consensus estimate of $6.24).

PEP fell to $150.01 (-0.13%) in pre-market trading.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.