Have you ever heard of PepsiCo (ticker symbol: PEP), a U.S. stock?
It is an American multinational food, snack, and beverage company.
In this article, I will introduce the company’s financial results for the period April to June 2021, which were announced on July 13, 2021.
Financial Results for April to June 2021
EPS of $1.72 vs. forecast of $1.53.
Net sales of $19.22 billion vs. forecast of $17.95 billion.
Sales growth was +20.5% YoY.
Foreign exchange boosted EPS by 3%.
Operating income was $3.13 billion. Operating income was $3.13 billion, compared to $2.32 billion in the same period last year.
Net income was $2.36 billion. Net income was $2.36 billion, compared to $1.65 billion in the same period last year.
The numbers are beginning to show the results of a series of investments in brands, supply chain, new business development, and production facilities.