PepsiCo (PEP) Tops Q4 EPS by 2c, Revenues Beat

PepsiCo (NASDAQ: PEP) reported Q4 EPS of $1.67, $0.02 better than the analyst estimate of $1.65. Revenue for the quarter came in at $28 billion versus the consensus estimate of $26.82 billion.

GUIDANCE:

PepsiCo sees FY2023 EPS of $7.20, versus the consensus of $7.28.

For 2023, they expect to deliver 6 percent organic revenue growth and 8 percent core constant currency earnings per share growth.

They also announced a 10 percent increase in our annualized dividend, starting with the June 2023 payment which represents they 51st consecutive annual increase, and plan to repurchase approximately $1.0 billion worth of shares.

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

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