Summary
PepsiCo, Inc. reported its financial results for the period ending June 13, 2015. For the first 24 weeks of 2015, the company saw a slight decrease in net revenue of 5% to $28.14 billion compared to the same period in 2014. Net income attributable to PepsiCo remained stable year-over-year at $3.20 billion, and diluted earnings per share saw a modest increase of 3% to $2.14. The company's operational performance was impacted by foreign exchange headwinds, particularly from the Russian ruble and Venezuelan bolivar, which negatively affected revenue growth. Despite the revenue challenges, PepsiCo demonstrated strong operating profit, which was flat year-over-year due to effective net pricing and cost reduction initiatives. The company continues to execute its productivity plans, aimed at strengthening its core businesses and driving efficiency. PepsiCo also returned significant capital to shareholders through dividends and share repurchases, underscoring its commitment to shareholder value. The company's liquidity remains strong, with substantial cash generated from operations and available credit facilities.
Financial Highlights
50 data points| Revenue | $15.92B |
| Cost of Revenue | $7.25B |
| Gross Profit | $8.67B |
| SG&A Expenses | $5.75B |
| Operating Income | $2.90B |
| Interest Expense | $217.00M |
| Net Income | $1.98B |
| EPS (Basic) | $1.34 |
| EPS (Diluted) | $1.33 |
| Shares Outstanding (Basic) | 1.48B |
| Shares Outstanding (Diluted) | 1.49B |
Key Highlights
- 1Net revenue for the 24 weeks ended June 13, 2015, decreased by 5% to $28.14 billion, primarily due to unfavorable foreign exchange rates.
- 2Net income attributable to PepsiCo remained flat at $3.20 billion for the 24-week period, while diluted EPS increased by 3% to $2.14.
- 3Operating profit for the 24-week period was stable at $4.70 billion, reflecting effective net pricing and cost reduction efforts that offset negative impacts.
- 4Frito-Lay North America (FLNA) and PepsiCo Americas Beverages (PAB) showed revenue growth in constant currency, driven by effective net pricing and volume increases.
- 5The company returned $4.1 billion to shareholders through dividends and share repurchases during the 24-week period.
- 6PepsiCo announced a new $12.0 billion share repurchase program and a 7% increase in its annualized dividend.
- 7The company continues to manage its exposure to foreign exchange fluctuations, particularly noting the impact of the Venezuelan bolivar and Russian ruble.