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PepsiCo beats estimates

Published 07/11/2017, 06:33 AM
© Reuters.  PepsiCo beats estimates
PEP
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  • PepsiCo (NYSE:PEP) reports organic revenue growth of 3.1% in Q2.
  • Foreign exchange translation negatively impacted revenue by 1.5%.
  • Revenue by segment: Frito-Lay North America: $3.68B (+3%); Quaker Foods North America: $553M (-1%); Latin America: $1.82B (+6%); North America Beverages: $5.24B (+2%); Europe Sub-Saharan Africa: $2.81B (+6%); AMEA: $1.6B (-8%).
  • Frito-Lay North America operating profit expanded 6.4% to $1.16B.
  • Europe Sub-Saharan Africa operating profit rose 46.1% to $504M.
  • Total core gross margin slipped 5 bps to 55.17%.
  • Total core operating margin grew 49 bps to 19.41%.
  • FY2017 Guidance: Organic revenue growth: ~3%; Core EPS: $5.13; Net capital expenditure: ~$3B; Cash flow from operating activities: ~$10B; Free cash flow: ~$7B; Share repurchases: ~$2B; Dividend payments: ~$4.5B.
  • PEP +0.46% premarket.
  • Now read: PepsiCo: The Goldilocks Among The Beverage Stocks

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