Pepsi (PEP) Tops Q4 EPS by 4c; Guides Below the Street

Pepsi (NYSE: PEP) reported Q4 EPS of $1.20, $0.04 better than the analyst estimate of $1.16. Revenue for the quarter came in at $19.52 billion versus the consensus estimate of $19.51 billion.

GUIDANCE:

Pepsi sees FY2017 EPS of $5.09, versus the consensus of $5.16.

"We concluded 2016 with another strong quarter of operating performance, capping off a successful year. We met or exceeded every financial goal we set for 2016, while delivering a good balance between revenue performance and productivity," said Chairman and CEO Indra Nooyi. "Looking ahead to 2017, we expect solid financial performance despite anticipated continued macroeconomic challenges. Further, reflecting our commitment to providing attractive cash returns to shareholders, we are increasing our dividend per share for the 45th consecutive year, beginning with our June 2017 payment."

For earnings history and earnings-related data on Pepsi (PEP) click here.

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