PepsiCo Q2 Earnings. Should You Buy, Sell or Hold?

 

PepsiCo  (PEP) – posted stronger-than-expected second quarter earnings Tuesday, and boosted its full-year profit forecast, as drinks revenues surged thanks in part to the re opening of sports and entertainment venues after the covid 19 pandemic.

PepsiCo said core earnings for the three months ended on June 12 were pegged at $1.72 per share, up 30% from the same period last year and well ahead of the Street consensus forecast of $1.53 per share.

Group revenues, PepsiCo said, rose 20.5.% to $19.22 billion, again topping analysts forecasts of a $17.98 billion tally. Beverages revenues in north America were up 24% from last year, PepsiCo said, while Frito Lay sales were up 7%.

Net revenue growth Foreign exchange impact on net revenue Earnings per share (EPS) 20.5% 3% $1.70 14.1% 2% $2.94 EPS change Foreign exchange impact on EPS 44% 4% 37% 2% Organic/Core (non-GAAP)1 Second-Quarter and Year-to-Date 2021 Results Second-Quarter Year-to-Date Organic revenue growth Core EPS Core constant currency EPS change 12.8% $1.72 27% 8.0% $2.94 21% PURCHASE, N.Y. – July 13, 2021 – PepsiCo, Inc. (NASDAQ: PEP) today reported results for the second quarter 2021.

“We are pleased with our second quarter results as we delivered very strong double-digit net revenue and earnings per share growth. Given the strength of our results, we now expect our full year organic revenue to increase 6 percent and core constant currency earnings per share to increase 11 percent,” said Chairman and CEO Ramon Laguarta. Laguarta continued, “Our results give us confidence that the investments behind our Faster, Stronger and Better framework are working – as we invest in our brands, supply chain and go-tomarket systems, manufacturing capacity, capabilities and culture, and our society by integrating purpose into everything we do. Moving forward, we remain focused on winning in the marketplace and building competitive advantages that will position us well as consumer habits and preferences evolve over time.”

PepsiCo, Inc. operates as a food and beverage company worldwide. The company operates through seven segments: FLNA, QFNA, PBNA, LatAm, Europe, AMESA, and APAC. It offers branded dips, cheese-flavored snacks, and tortillas, as well as corn, potato, and tortilla chips; cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes; beverage concentrates, fountain syrups, and finished goods; ready-to-drink tea, coffee, and juices; and dairy products. The company provides its products primarily under the Cheetos, Doritos, Fritos, Lay’s, Ruffles, Tostitos, Aunt Jemima, Cap’n crunch, Life, Pasta Roni, Quaker Chewy, Quaker, Rice-A-Roni, Aquafina, Diet Mountain Dew, Diet Pepsi, Gatorade, Mountain Dew, Pepsi, Propel, Sierra Mist, Tropicana, Emperador, Marias Gamesa, Rosquinhas Mabel, Sabritas, Saladitas, 7UP, Gatorade, H2oh!, Manzanita Sol, Mirinda, Pepsi, Pepsi Black, San Carlos, Toddy, Agusha, Chudo, and Domik v Derevne brands. It serves wholesale and other distributors, foodservice customers, grocery stores, drug stores, convenience stores, discount/dollar stores, mass merchandisers, membership stores, hard discounters, e-commerce retailers and authorized independent bottlers, and others through a network of direct-store-delivery, customer warehouse, and distributor networks, as well as directly to consumers through e-commerce platforms and retailers. The company was founded in 1898 and is headquartered in Purchase, New York.

 

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CWEB Analyst’s have initiated a STRONG BUY Rating for  PepsiCo  (PEP)  and potential upside of $190 by end of 2021.  The fundamentals of PepsiCo are to strong and cash on hand has increased and staggering revenues have contributed even to bigger growth.  


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