Pepsi (PEP) Tops Q3 EPS by 8c
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Pepsi (NYSE: PEP) reported Q3 EPS of $1.40, $0.08 better than the analyst estimate of $1.32. Revenue for the quarter came in at $16 billion versus the consensus estimate of $15.83 billion.
Pepsi sees FY2016 EPS of $4.78, versus the consensus of $4.76.
The Company provides guidance on a non-GAAP basis as the Company cannot predict certain elements which are included in reported GAAP results, including the impact of foreign exchange and commodity mark-to-market adjustments.
The Company expects:
- Based on current foreign exchange market consensus, foreign exchange translation to negatively impact reported net revenue growth by approximately 3 percentage points;
- The 53rd week to contribute approximately 1 percentage point to reported net revenue growth;
- Approximately 4 percent organic revenue growth, excluding the impact of the 53rd week and structural changes, including the deconsolidation of our Venezuelan operations.
For earnings history and earnings-related data on Pepsi (PEP) click here.
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