In this photo illustration PepsiCo products are shown on October 05, 2021 in Chicago, Illinois.
Scott Olson | Getty Images
PepsiCo on Thursday beat expectations for fiscal fourth-quarter earnings and revenue, but warned of cost pressures ahead from the rising price of transportation and packaging.
Shares rose about 1.5% in premarket trading, despite the company’s full-year forecast falling short of analysts’ expectations.
Here’s what the company reported compared with what Wall Street was expecting for the fiscal fourth-quarter ended Dec. 25, based on a survey of analysts by Refinitiv:
Earnings per share: $1.53 adjusted vs. $1.52 expectedRevenue: $25.25 billion vs. $24.24 billion expected
The food and beverage giant’s net income for the quarter came in at $1.32 billion, or 95 cents per share. That’s down from $1.85 billion, or $1.33 per share, a year earlier.
Excluding items, Pepsi earned $1.53 per share, topping the $1.52 per share expected by analysts surveyed by Refinitiv.
Net sales increased 12% to $25.25 billion, higher than expectations of $24.24 billion.
Shares of Pepsi are up 23% over the past 12 months. The company’s stock closed Wednesday at $171.94, bringing the company’s market value to $237.73 billion.