After knowing the figures and Pepsico’s plans, the value is rising 1.5% on Wall Street. So far in 2023, the company’s shares have fallen 5.2% and are trading for $173 right now.
“Looking forward, we will continue to focus on driving growth and winning in the marketplace, while building advantageous capabilities to strengthen our businesses for the long term. This includes embedding pep+ (its sustainability strategy) at the core of our business in the way we innovate, operate, run our teams and build our brands.”Laguarta added.
The firm’s revenues have increased by 10.9% in the last quarter, going from US$25,248 million to US$27,996 million, significantly above consensus estimates. In all of 2022, sales have grown by 8.7%, to US$86,392 million. Likewise, earnings per share for the year have risen by almost a dollar to US$6.42 per right, in line with what the consensus expected.
For the remainder of 2023, the company expects 6% organic revenue growth and a 20% base annual effective tax rate. On the other hand, they calculate that they will distribute 7,700 million to shareholders, of which 6,700 million will correspond to dividends and the remaining 1,000 million to share repurchases. According to PepsiCo, this is the 51st consecutive time they have increased the annual dividend.
Source: Ambito
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