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PEPSICO, INC.

(PEP)
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PepsiCo Raises Full-Year Guidance, Sees Organic Revenue Growth of 6%

07/13/2021 | 06:44am EDT

By Dave Sebastian

PepsiCo Inc. said it raised its full-year guidance as it posted higher profit and sales for the recent quarter.

The food-and-beverage company on Tuesday said it expects organic revenue to grow 6%, compared with its prior guidance of mid-single-digit growth. It sees core constant currency per-share earnings growing 11%, compared with its prior outlook of high-single-digit growth. PepsiCo expects 2021 adjusted earnings of $6.20 a share.

The company said it is extending its target to have at least $1 billion in productivity savings through 2026. It said it expects to incur pretax charges of about $3.15 billion, including cash expenditures of about $2.4 billion, compared with its prior estimate of pretax charges of about $2.5 billion, including cash expenditures of about $1.6 billion.

The company continues to expect a core annual effective tax rate of about 21% and csah returns to shareholders of about $5.9 billion for 2021.

Write to Dave Sebastian at dave.sebastian@wsj.com

(END) Dow Jones Newswires

07-13-21 0643ET

Stocks mentioned in the article
ChangeLast1st jan.
PEPSICO, INC. 0.31% 154.01 Delayed Quote.3.53%
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Analyst Recommendations on PEPSICO, INC.
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Financials (USD)
Sales 2021 77 059 M - -
Net income 2021 8 448 M - -
Net Debt 2021 32 958 M - -
P/E ratio 2021 25,5x
Yield 2021 2,75%
Capitalization 213 B 213 B -
EV / Sales 2021 3,19x
EV / Sales 2022 3,07x
Nbr of Employees 291 000
Free-Float 73,9%
Chart PEPSICO, INC.
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PepsiCo, Inc. Technical Analysis Chart | PEP | US7134481081 | MarketScreener
Technical analysis trends PEPSICO, INC.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 154,01 $
Average target price 165,42 $
Spread / Average Target 7,41%
EPS Revisions
Managers and Directors
Ramon Luis Laguarta Chairman & Chief Executive Officer
Hugh F. Johnston Vice Chairman, Chief Financial Officer & EVP
Rene Lammers Chief Science Officer & Executive Vice President
Seth Cohen Chief Information Officer & Senior Vice President
Pietro Antonio Tataranni Chief Medical Officer & Senior VP-Life Sciences