Source: Dreamstime
Reading time: 2 minutes
On Thursday, PepsiCo reported that more and more consumers are starting to purchase its recently released Tostitos and pancake mixes.
The company’s shares rose by 1% shortly after the news. Here is a more in-depth look at how PepsiCo fared throughout Q3 2020:
– Earnings per share: $1.66 (analysts forecasted $1.49)
– Revenue: $18.09 billion (analysts forecasted $17.23 billion)
– Net income: $2.29 billion (up from $2.1 billion a year earlier)
– Operating costs: $147 million during the quarter due to COVID-19
In addition, both its Frito-Lay and Quaker Foods businesses reported organic revenue growth of 6%, while PepsiCo increased its organic sales by 3%. On an international scale, the company’s reported organic sales growth was 4% despite the recent rise in COVID-19 cases across the globe. According to CEO Ramon Laguarta, the new restrictions are not expected to impact the business as hard as the lockdowns from April and May.
Financial outlook for Q4 2020
For the remainder of 2020, PepsiCo expects to generate organic revenue growth of 4% and core EPS of $5.50 (38 cents less than what the company had originally forecasted).
Upcoming reports
See the full list of upcoming earnings reports for 5 – 9 October in the tables below.
Monday, October 5th 2020
| Country of origin | Company name | Fiscal period |
|---|---|---|
| USA | Mattel Inc | Third quarter of 2020 |
| United Kingdom | Manchester United PLC | Fourth quarter of 2020 |
Tuesday, October 6th 2020
| Country of origin | Company name | Fiscal period |
|---|---|---|
| USA | Levi Strauss & Co | Third quarter of 2020 |
| USA | Paychex Inc | First quarter of 2021 |
| United Kingdom | Restaurant Group PLC | Half year 2020 |
Wednesday, October 7th 2020
| Country of origin | Company name | Fiscal period |
|---|---|---|
| United Kingdom | Tesco PLC | Half year 2021 |
Thursday, October 8th 2020
| Country of origin | Company name | Fiscal period |
|---|---|---|
| USA | Domino's Pizza Inc | Third quarter of 2020 |
| Germany | Suedzucker AG | Second quarter of 2021 |
Friday, October 9th 2020
| Country of origin | Company name | Fiscal period |
|---|---|---|
| United Kingdom | J D Wetherspoon PLC | Full year 2020 |
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