February 28, 2021

Market and Financial News Aggregator

PepsiCo (PEP) Q4 2020 earnings beat

1 min read

Pepsi soft drinks are displayed at a convenience store in San Francisco, California.

Justin Sullivan | Getty Images

PepsiCo on Thursday reported quarterly earnings and revenue that topped analysts’ estimates, fueled by growth of its snacks and drinks.

Shares of the company fell less than 1% in premarket trading.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

  • Earnings per share: $1.47, adjusted, vs. $1.46 expected
  • Revenue: $22.46 billion vs. $21.78 billion expected

The company reported fiscal fourth-quarter net income of $1.85 billion, or $1.33 per share, up from $1.77 billion, or $1.26 per share, a year earlier.

Excluding items, Pepsi earned $1.47 per share, beating the $1.46 per share expected by analysts surveyed by Refinitiv.

Net sales rose 8.8% to $22.46 billion, topping expectations of $21.78 billion.



2021-02-11 06:08:00

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