The Strategist

PepsiCo's net profit grows in the first half of the year



07/13/2022 - 10:27



According to a statement from the firm, net income attributable to U.S. PepsiCo Inc. stockholders increased by 39.7% from the same period last year to $5.69 billion.



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The diluted earnings per share were $4.09, up from $2.94 in the prior year. Revenue of the corporation increased 7% to $36.425 billion, with 13.3% organic growth. Operating revenue increased by 35% to $7.344 billion.

PepsiCo's net income attributable to shareholders decreased 1.6 times to $1.429 billion at the end of the second quarter. Compared to the second quarter of 2021, diluted earnings per share were $0.97 instead of $1.7. The adjusted earnings per share came in at $1.86, exceeding the $1.74 estimate. The company's revenue increased 5.2 percent to $20.225 billion (13 percent organic growth) above the projected level of $19.51 billion. Operating income decreased by 33.6 percent to $2.077 billion.

The corporation reported losses of 1.4 billion dollars and 1.6 billion dollars, respectively, in the second quarter and the first half of the year as a result of the situation in Ukraine.

By the end of 2022, the forecast for organic growth was increased from 8 to 10 percent.

source: bloomberg.com

 




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