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    PepsiCo Quarterly Profits and Revenues Beat Forecasts

    Net profit of American PepsiCo Inc., one of the world’s largest producers of soft drinks, in the fourth quarter of the 2020 fiscal year ended December 26, grew by 4.5% to $ 1.845 billion, or $ 1.33 per share , up from $ 1.766 billion, or $ 1.26 per share, received in the comparable period a year earlier. Profit excluding one-off factors increased to $ 1.47 per share from $ 1.45

    According to a press release, the company increased its revenue by 8.8% to $ 22.455 billion from $ 20.64 billion. Organic growth was 5.7%.

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    Financial indicators were stronger than forecasts. Analysts polled by FactSet expected on average $ 1.46 per share adjusted earnings on $ 21.8 billion in revenue.

    In North America, revenue of Frito-Lay’s snack business increased 5.7% to $ 5.44 billion (versus a forecast of $ 5.48 billion), and the beverage division increased 8.6% to $ 6.79 billion (forecast – $ 6.6 billion), the Quaker Foods division – by 8.3%, to $ 836 million (forecast – $ 808.4 million).

    The company’s revenues in Latin America decreased by 5.2% and amounted to $ 2.41 billion. Experts had expected $ 2.29 billion. In Europe, the figure increased by 3.8% and reached $ 4.04 billion, which was higher than analysts’ estimates of $ 3.93 billion

    Starting in June, PepsiCo will pay a quarterly dividend of $ 4.3 per share, up from $ 4.09 previously.

    Based on the results of the entire 2020 fiscal year, the company increased its revenue by 4.8% – to $ 70.372 billion, organic growth was 4.3%. Meanwhile, net income fell to $ 7.12 billion from $ 7.314 billion a year earlier, or to $ 5.12 from $ 5.2 per share.

    PepsiCo predicts organic sales growth of around 5% in fiscal 2021.

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    PepsiCo shares added 0.2% during electronic trading on Thursday. The company’s capitalization over the past three months has decreased by 4.3% and now stands at $ 192.9 billion. The Standard & Poor’s 500 stock index has grown by 9.4% over this period.

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