PepsiCo 4Q results top Wall Streets expectations
- Photos (1)
FPepsiCo says its fourth-quarter net income rose 17 percent on higher prices and strength in Latin America. The drink and snack maker's earnings and revenue beat analysts' estimates.
NEW YORK — PepsiCo says its fourth-quarter net income rose 17 percent on higher prices and strength in Latin America.
The drink and snack maker's earnings and revenue beat analysts' estimates.
The results mark the end of what CEO Indra Nooyi said would be a "transitional year," with the company embarking on a cost-cutting program and stepping up investment in its flagship brands. PepsiCo's brands include Frito-Lay, Gatorade and Quaker.
For the period that ended Dec. 29, PepsiCo Inc. earned $1.66 billion, or $1.06 per share. That's compared with $1.42 billion, or 89 cents per share, a year ago.
Excluding a pension charge and other items, earnings were $1.09 per share, topping analyst estimates of $1.05.
Revenue dipped 1 percent to $20 billion. Analysts expected $19.8 billion.
PepsiCo is based in Purchase, N.Y.
- Share Facebook Twitter
Article sent to (required)E-mail
Article sent from (required)E-mail Name
Subject Line (article title)
Message (optional)Success - Article sent Click to close
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.Need more information about reprints? Visit our Reprints Section for more details.
Contact information ( * required )Name * Company Telephone * E-mail *
Article InformationTitle URL
Message (optional)Success - Reprint request sent Click to close