PepsiCo reported mixed first-quarter results Thursday as international growth offset weakening North American demand, according to CNBC. Adjusted EPS came in at $1.48, just below the $1.49 estimate, while revenue exceeded expectations at $17.92 billion versus $17.77 billion forecast. North American volume declined 3% in beverages and 1% in foods. The food and beverage giant now expects its full-year core constant currency earnings per share to remain flat, lowering its previous forecast of mid-single digit growth. The company maintained its guidance for a low-single digit rise in organic revenue.
Category
🗞
NewsTranscript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02PepsiCo recorded mixed first quarter results Thursday as international growth offset weakening
00:06North American demand, that according to CNBC. Just DPS came in at $1.48, just below the $1.49
00:12estimate, while revenue exceeded expectations at $17.92 billion versus the $17.77 billion forecast.
00:19North American volume declined 3% in beverages and 1% in foods. The food and beverage giant now
00:25expects its full-year core constant currency earnings per share to remain flat, lowering
00:29its previous forecast of mid-single-digit growth. The company maintained its guidance for a low
00:34single-digit rise in organic revenue. For all things money, visit Benzinga.com slash GSTV.