Please select the second broker

Author: Alan LittleDate: 2022-04-27

PepsiCo (PEP) shares up as Frito Lay sales drive Q1 beats

PepsiCo (PEP) shares rose 0.22% on Tuesday after the snack and beverage corporation navigated a “dynamic and complex” environment to post Q1 earnings and revenue beats.

PepsiCo (PEP) was the latest company to reference a “dynamic and complex” trading environment in Q1, but it didn’t stop the snack and beverage company from posting earnings and revenue beats.

Following on from rival Coca-Cola’s (KO) solid showing on Monday, PepsiCo topped forecasts with earnings per share that rose 6.6% from a year ago to $1.29 against the $1.22 consensus.

Group revenues also grew 9.3% to $16.2bn to comfortably surpass the $15.52bn expectations as Pepsi’s core divisions thrived.

The Frito Lay brand looks in great shape now after adding $4.84bn to Pepsi’s top line, while its beverages segments brought in $5.35bn after growing 5.5%.

The New York-based corporation is now guiding for 8% growth in organic revenue and core earnings, the former of which is a positive revision from a prior 6% forecast.

Pepsi said that these numbers have considered “higher than expected input cost inflation”, which is likely to persist for the full year.

CEO Ramon Laguarta was more concerned about offering support to Ukraine and those affected by the war than talking about Pepsi’s performance.

In a statement, he noted: “The humanitarian impact is especially tragic and beyond what words can describe.”

Pepsi’s latest update was like Coca Cola’s after its rival also spoke about a “highly dynamic and uncertain” environment.

Like Coca-Cola, Pepsi made gains on the stock market after the release of its Q1 report, but it wasn’t a major rally.

By late morning, PEP shares were up 0.22% at $174.30 on the Nasdaq, which is near to its 52-week trading high of $177.24.

Scam Brokers, Broker Complaints

Are you aware of a scam broker or want to make a broker complaint?

We want our site users to find good brokers to trade through and to be warned off bad brokers. We encourage you to use our complaints tool to let us know about your experiences.

We have categorised the common complaints to make it easier for you and we have provided some guidance on what you may want to try before submitting a complaint, if our suggestions do not provide you with a resolution then by submitting a complaint, our team will attempt to take up your case with the relevant Broker and if needed, submit a formal report to the regulators.

We use the information you give us to decide if we want to continue to promote a broker on our site.

Your scam broker complaint not only helps you, it helps others and it helps us determine if we continue to support the broker.