Both Coca-Cola and PepsiCo announced earnings today so let’s look at them side-by-side. (and continue the rivalry). Per the Daily from Tuesday, the Super Bowl is prime time for beverages (adult and otherwise) and snacks and these two giants will be battling at the shelf (digital and physical)
- Coca-Cola topped expectations for earnings and revenue
- Weaker-than-expected outlook for 2022.
- Organic revenue climbed 9% in the quarter.
- For 2022, Coke expects organic revenue growth of 7% – 8%
- Revenue: $9.46 billion vs. $8.96 billion expected
- Net income: $2.41 billion, or 56 cents per share
- Up from $1.46 billion, or 34 cents per share, a year earlier.
- Coke earned 45 cents per share, beating the 41 cents per share expected
- PepsiCo topped expectations for earnings and revenue
- Weaker-than-expected outlook for 2022.
- Organic revenue rose 11.9% in the quarter.
- For 2022, Pepsi expects organic revenue growth of 6%.
- Revenue: $25.25 billion vs. $24.24 billion expected
- Net income: $1.32 billion, or 95 cents per share.
- Down from $1.85 billion, or $1.33 per share, a year earlier.
- Pepsi earned $1.53 per share, topping the $1.52 per share expected by analysts
Other notes:
- Both are predicting that higher inflation would continue to weigh on its profits throughout 2022.
- PepsiCo also warned of rising costs for packaging and transportation
- Coke’s sparkling soft drinks segment, saw volume grow 8%
- Volume of nutrition, juice, dairy and plant-based beverages climbed 11%
- Coke’s hydration, sports drinks, coffee and tea division saw 12% volume growth
- During the fourth quarter, Coke bought full control of Bodyarmor for $5.6 billion
- Pepsi’s North American beverage business reported organic revenue growth of 12%
- Frito-Lay saw its organic revenue increase by 13% for the quarter
- Quaker Foods North America saw its organic revenue increase by 9%
Read More Here:
No Comments
Leave a comment Cancel