Upgrade to SI Premium - Free Trial

PepsiCo (PEP) Tops Q1 EPS by 9c, Offers Outlook

April 15, 2021 6:07 AM

PepsiCo (NASDAQ: PEP) reported Q1 EPS of $1.21, $0.09 better than the analyst estimate of $1.12. Revenue for the quarter came in at $14.82 million versus the consensus estimate of $14.55 million.

For 2021, the Company continues to expect:

• A mid-single-digit increase in organic revenue;

• A high-single-digit increase in core constant currency EPS;

• A core annual effective tax rate of approximately 21 percent; and

• Total cash returns to shareholders of approximately $5.9 billion, comprised of dividends of approximately $5.8 billion and share repurchases of $106 million. We completed our share repurchase activity and do not expect to repurchase any additional shares for the balance of 2021.

The PDF could not be displayed inside the page, click here to open.

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

Categories

Earnings Guidance Hot Earnings