PepsiCo says its revenue climbed by 8.8% in the fiscal fourth quarter

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on Feb 11, 2021
Updated: Jun 1, 2022
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  • PepsiCo says its revenue climbed by 8.8% in the fiscal fourth quarter.
  • The American beverage company reports £1.34 billion of net income.
  • PepsiCo approves a 5% increase in its annual dividend to £3.11 per share.

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PepsiCo Inc. (NASDAQ: PEP) reported its financial results for the fiscal fourth quarter on Thursday that topped analysts’ estimates for earnings and revenue. On the back of hawkish quarterly performance, the company also raised its dividend on Thursday.

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PepsiCo remained almost flat in premarket trading on Thursday. At £99.35, shares of the company have recovered significantly from a low of £75.15 per share in March 2020. Learn more about how can you start trading online on the stock market.

PepsiCo’s Q4 financial results versus analysts’ estimates

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PepsiCo said that its net income in the fourth quarter printed at £1.34 billion that translates to 96 pence per share. In the same quarter last year, its net income was capped at a lower £1.28 billion or 91 pence per share.

In separate news from the United States, power holding company, Duke Energy reported £45.55 million of loss in the fiscal fourth quarter on Thursday.

Adjusted for one-time items, PepsiCo earned £1.06 per share in Q4 versus the year-ago figure of £1.05 per share. The American multinational said that it generated £16.24 billion of revenue in the recent quarter that represents an 8.8% annualised growth.

According to FactSet, experts had forecast the company to post £15.76 billion of revenue in the fourth quarter. Their estimates for adjusted per-share earnings stood at a marginally lower £1.05. PepsiCo’s report comes a day after its competitor, the Coca-Cola Company published its quarterly earnings report.

Other prominent figures in PepsiCo’s earnings report

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Other prominent figures in PepsiCo’s earnings report on Thursday include a 5.7% year over year increase in Frito-Lay revenue in North America. Food revenue, the Purchase-based company added, jumped 8.3% in Q4 while the regional PepsiCo Beverages revenue came in 8.6% higher than last year. Foods and beverages revenue in North America was better than expected in the recent quarter while Frito-Lay revenue missed estimates by a narrow margin.

In Latin America and Europe, PepsiCo reported a 5.2% decline and a 3.8% increase in revenue, respectively. The beverage company topped revenue estimates in both regions. PepsiCo approved a 5% increase in its annual dividend on Thursday to £3.11 per share.

PepsiCo performed slightly upbeat in the stock market last year with an annual gain of roughly 10%. At the time of writing, it is valued at £137.60 billion and has a price to earnings ratio of 27.27.

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