Pepsico (PEP) reported 2nd Quarter June 2017 earnings of $1.50 per share on revenue of $15.7 billion. The consensus earnings estimate was $1.39 per share on revenue of $15.6 billion. The Earnings Whisper number was $1.43 per share. Revenue grew 2.0% on a year-over-year basis.
The company said it now expects 2017 earnings of approximately $5.13 per share. The company's previous guidance was earnings of approximately $5.09 per share and the current consensus earnings estimate is $5.12 per share for the year ending December 31, 2017.
PepsiCo Inc is a food, snack and beverage company. It manufactures, markets,
distributes and sells convenient and enjoyable beverages, foods and snacks,
serving customers and consumers in more than 200 countries and territories.
PepsiCo Reports Second Quarter 2017 Results
PepsiCo, Inc. (PEP) today announced that its second quarter 2017 (ended June 17th) financial results are available on its website at www.pepsico.com/investors. The results have also been furnished to the Securities and Exchange Commission (SEC) on a Form 8-K, which can be found on the SECs website at https://www.sec.gov.
As previously announced, PepsiCo will webcast its earnings conference call for investors and financial analysts at 7:45 a.m. EDT today. The webcast will be available at www.pepsico.com in the "Investors" section under "Events and Presentations."
About PepsiCo PepsiCo products are enjoyed by consumers one billion times a day in more than 200 countries and territories around the world. PepsiCo generated approximately $63 billion in net revenue in 2016, driven by a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. PepsiCos product portfolio includes a wide range of enjoyable foods and beverages, including 22 brands that generate more than $1 billion each in estimated annual retail sales.
At the heart of PepsiCo is Performance with Purpose - our fundamental belief that the success of our company is inextricably linked to the sustainability of the world around us. We believe that continuously improving the products we sell, operating responsibly to protect our planet and empowering people around the world are what enable PepsiCo to run a successful global company that creates long-term value for society and our shareholders. For more information, visit www.pepsico.com.
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SOURCE PepsiCo, Inc.