PepsiCo (PEP) Tops Q4 EPS by 1c; Raises Buyback, Dividend

PepsiCo (NASDAQ: PEP) reported Q4 EPS of $1.53, $0.01 better than the analyst estimate of $1.52. Revenue for the quarter came in at $25.25 billion versus the consensus estimate of $24.24 billion.

GUIDANCE:

PepsiCo sees FY2022 EPS of $6.67, versus the consensus of $6.73. Sees 6 percent increase in organic revenue.

The Company today announced a 7 percent increase in its annualized dividend to $4.60 per share from $4.30 per share, effective with the dividend expected to be paid in June 2022. This represents the Company’s 50th consecutive annual dividend per share increase.

The Company also announced a new share repurchase program providing for the repurchase of up to $10 billion of PepsiCo common stock through February 28, 2026.

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

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