UBS Raises Price target on Pepsi (PEP) Following 3Q EPS Beat

Go back to UBS Raises Price target on Pepsi (PEP) Following 3Q EPS Beat

PepsiCo Reports Third Quarter 2015 Results and Increases Full Year Core Constant Currency Earnings Outlook

October 6, 2015 6:30 AM EDT

PURCHASE, N.Y., Oct. 6, 2015 /PRNewswire/ --

Organic/core1 results Organic revenue grew 7.4 percent Core gross margin expanded 120 basis points Core EPS was $1.35 Core constant currency EPS increased 14 percent Reported (GAAP) results Net revenue declined 5 percent reflecting a 12-percentage-point impact of adverse foreign currency translation Gross margin expanded 115 basis points A change in accounting for Venezuela operations resulted in non-core pre- and after-tax charges of $1.4 billion, or $0.92 per share2  EPS of $0.36, declined 73 percent and includes the Venezuela... More

Lay's Potato Chips Issues Last Call For Votes In The "Do Us A Flavor" Contest; $1 Million Grand Prize On The Line For Finalist Who Submits Winning Flavor Idea

October 5, 2015 6:01 AM EDT

PLANO, Texas, Oct. 5, 2015 /PRNewswire/ -- Lay's, one of the marquee brands from PepsiCo's Frito-Lay division, today issued a last call for votes in the "Do Us A Flavor" contest. Since July 27, 2015, consumers have been putting the four finalist flavors Lay's Wavy West Coast Truffle Fries, Lay's Southern Biscuits and Gravy, Lay's New York Reuben and Lay's Kettle Cooked Greektown Gyro to a nationwide taste test. Fan votes will decide which of these four finalist flavors, representing four of the most flavorful cities and towns across the country, should be named the winner and remain on store... More