FX.co ★ Pepsico Inc Q1 Profit Increases, beats estimates

PepsiCo Inc, in its first-quarter earnings, reflected growth from the previous year as figures surpassed expectations. The company's net income stood at $2.04 billion, equating to earnings per share (EPS) of $1.48. The figures were marginally better than last year's first-quarter results, when the company reported net earnings of $1.93 billion or an EPS of $1.40.

After adjusting for specific items, PepsiCo reported an earnings of $2.22 billion or an EPS of $1.61 within the period. Analysts had projected an average EPS of $1.52, according to data compiled by Thomson Reuters. It is worth noting that these estimates generally omit peculiar items.

Revenue for the quarter escalated by 2.2% to $18.25 billion, up from last year's figure of $17.85 billion. To put PepsiCo’s earnings into context (according to the Generally Accepted Accounting Principles or GAAP): First-quarter earnings were $2.04 billion as compared to $1.93 billion the prior year. This was expressed in earnings per share as $1.48 for the current year versus $1.40 for last year. Additionally, revenues for the first quarter were $18.25 billion, compared to the previous year's $17.85 billion.

As part of their future guidance, PepsiCo envisages a full-year earnings per share projection of $8.15.