PepsiCo (PEP) Surpasses Earnings And Sales Estimates In Q4
Zacks Investment Research | Feb 12, 2020 08:59PM ET
PepsiCo, Inc. (NASDAQ:PEP) has reported solid fourth-quarter 2019 results, wherein earnings and sales surpassed estimates. However, the company’s core earnings per share (EPS) declined year over year, owing to increased SG&A expenses, which also hurt its core operating margin.
PepsiCo’s shares gained nearly 1% in the pre-market session on Feb 13. Moreover, shares of the Zacks Rank #3 (Hold) company have rallied 29.7% in the past year, outperforming the industry ’s 20.5% growth.
Quarter in Detail
PepsiCo’s fourth-quarter core EPS of $1.45 beat the Zacks Consensus Estimate of $1.43. However, core EPS declined 2.7% year over year. In constant currency, core earnings were down 2.5% from the year-ago period. The company’s reported EPS of $1.26 declined 73.9% year over year.
PepsiCo, Inc. Price, Consensus and EPS Surprise
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