As the economy continues to chug along into 2018, investors in PepsiCo, Inc (PEP) will be hoping that a recent 7.6 percent rally over the previous quarter can be extended. Trading at $119.92 at close Friday, December 29, the consumer goods company lingers around its 52-week high despite a 2017 performance lagging behind the S&P 500. Though consistently exceeding EPS expectations, PEP struggles to do the same on the top-line. Will PepsiCo change that in its next earnings release set to come out in the beginning of February?
From Finviz.com
After a less-than-stellar third quarter, Chairwoman and CEO Indra Nooyi had a lot to say about PepsiCo’s plans going forward to counteract the weaknesses she saw in the market. At the bottom line, PEP reported EPS of $1.48 which was $0.04 higher than Wall Street estimates, but revenues missed by about $70 million despite increasing. PepsiCo’s leader gave two major reasons for the slips in revenue, and they implied very different things.
