What were PepsiCo's key financial results for the period ending December 29, 2012?

The 8-K filing on February 14, 2013, indicates that PepsiCo released its financial results for the 16 and 52 weeks ended December 29, 2012. The specific financial figures are detailed in the press release attached as Exhibit 99.1, which is incorporated by reference into this filing. Investors would need to refer to that press release for specific revenue, profit, and earnings per share details.

What is the new dividend amount and when does it become effective?

PepsiCo announced an increase in its annualized dividend on common stock. The new rate is $2.27 per share, representing a 5.6 percent increase. This higher dividend payment is effective with the dividend payable in June 2013.

What is the scope and duration of the new share repurchase program?

PepsiCo has authorized a new share repurchase program with a total value of up to $10 billion. This program is scheduled to commence on July 1, 2013, and will conclude on June 30, 2016. It is designed to succeed the company's current share repurchase program, which is set to expire on June 30, 2013.

Is the information in the press release considered 'filed' with the SEC?

No, according to the filing, the information in Item 2.02, including the press release, is being furnished and shall not be deemed 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities of that Section. It also specifies that it shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, unless expressly stated otherwise.

PEP 8-K: Earnings & Results

Summary

PepsiCo, Inc. (PEP) filed an 8-K on February 14, 2013, primarily to report on its financial condition and other corporate events. The filing incorporates by reference a press release detailing the company's financial results for the 16 and 52 weeks ended December 29, 2012. While specific figures from the earnings release are not detailed in the 8-K itself, this filing serves as the official notification of those results to the market. Beyond the financial results, the 8-K announced significant capital allocation decisions. PepsiCo declared an increase in its annualized dividend by 5.6 percent to $2.27 per share, effective June 2013. Furthermore, the company authorized a substantial new share repurchase program, allowing for up to $10 billion in stock buybacks from July 2013 to June 2016, succeeding its existing program.

Key Highlights

1PepsiCo announced its financial results for the period ending December 29, 2012, via an accompanying press release.
2The company is increasing its annualized dividend by 5.6% to $2.27 per share, effective with the June 2013 dividend payment.
3A new share repurchase program has been authorized, allowing for up to $10 billion in common stock repurchases.
4The new share repurchase program is set to run from July 1, 2013, through June 30, 2016.
5This new buyback program will replace the current one, which expires on June 30, 2013.
6The filing includes Item 2.02 (Results of Operations and Financial Condition) and Item 8.01 (Other Events).

PEPSICO INC 8-K Report, Financial Results (Feb 14, 2013)

Summary

Key Highlights

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