PepsiCo (PEP) Loses Fizz as Developed Markets Become Stagnant
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Price: $82.12 -1.02%
EPS Growth %: +11.6%
Financial Fact:
Interest expense: -214M
Today's EPS Names:
SENEA, UQM, BOSC, More
EPS Growth %: +11.6%
Financial Fact:
Interest expense: -214M
Today's EPS Names:
SENEA, UQM, BOSC, More
Trade PEP Now!
PepsiCo (NYSE: PEP) is not seeing too much love from investors Thursday morning following second-quarter results which Pepsi itself said were hampered by stressed developed markets.
Revenue increased 14 percent from $14.801 billion to $16.827 billion, topping estimates calling for $16.41 billion in the quarter.
Net income rose 17.6 percent to $1.885 billion, or $1.17 per share. Excluding certain items, and earnings were $1.21 per share, right in-line with estimates of $1.21 per share.
PepsiCo Americas Foods revs increased 7 percent, while PepsiCo Americas Beverages saw just a 1 percent jump. In Europe, sales ripped 52 percent higher to $3.794 billion.
Serving volume increased 6 percent in the quarter. PepsiCo Americas Foods volume rose just 2 percent.
Looking ahead, Pepsi sees FY11 earnings growth in the high-single-digits range. The current guidance compares to previous guidance of 7 to 8 percent core constant currency EPS growth. In addition, the company expects higher net interest expense as compared to the prior year and a core tax rate of approximately 27 percent.
Pepsi shares are 1.9 percent lower early Thursday. The stock last traded at $67.20.
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Revenue increased 14 percent from $14.801 billion to $16.827 billion, topping estimates calling for $16.41 billion in the quarter.
Net income rose 17.6 percent to $1.885 billion, or $1.17 per share. Excluding certain items, and earnings were $1.21 per share, right in-line with estimates of $1.21 per share.
PepsiCo Americas Foods revs increased 7 percent, while PepsiCo Americas Beverages saw just a 1 percent jump. In Europe, sales ripped 52 percent higher to $3.794 billion.
Serving volume increased 6 percent in the quarter. PepsiCo Americas Foods volume rose just 2 percent.
Looking ahead, Pepsi sees FY11 earnings growth in the high-single-digits range. The current guidance compares to previous guidance of 7 to 8 percent core constant currency EPS growth. In addition, the company expects higher net interest expense as compared to the prior year and a core tax rate of approximately 27 percent.
Pepsi shares are 1.9 percent lower early Thursday. The stock last traded at $67.20.
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