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Pepsi (PEP) Tops Q2 EPS by 5c; Boosts EPS Growth Outlook

July 7, 2016 6:31 AM

Pepsi (NYSE: PEP) reported Q2 EPS of $1.35, $0.05 better than the analyst estimate of $1.30. Revenue for the quarter came in at $15.4 billion versus the consensus estimate of $15.37 billion.

2016 Guidance and Outlook

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:

2015 core earnings per share

$4.57

Expected core constant currency EPS growth (excluding Venezuela deconsolidation) - previously 8%

9%

Negative impact of Venezuela deconsolidation

(2)%

Negative impact of foreign currency translation3

(4)%

Expected 2016 core earnings per share

$4.71

In addition, the Company continues to expect:

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

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