Loading...
•
Mar 25, 2023
PepsiCo Q1 2023 Earnings Report
PepsiCo's Q1 2023 results showcased resilience and strong business momentum across categories and geographies.
Key Takeaways
PepsiCo reported strong first-quarter 2023 results, exceeding expectations. The company's organic revenue grew by 14.3%, and core EPS reached $1.50. Due to this strong start, PepsiCo raised its full-year guidance for organic revenue growth to 8% and core constant currency EPS growth to 9%.
PepsiCo's categories and geographies remained resilient during the first quarter.
Full-year 2023 organic revenue is now expected to increase 8 percent.
Core constant currency EPS is now expected to increase 9 percent for the full year 2023.
Investments in becoming a Faster, Stronger, and Better organization are laying the foundation for durable and sustainable growth.
PepsiCo
PepsiCo
PepsiCo Revenue by Segment
Revenue by Segment
Frito-Lay NA Revenue
CapyFin.comPBNA Revenue
CapyFin.comEurope, Middle East & Africa Revenue
CapyFin.comLatin America Foods Revenue
CapyFin.comAsia Pacific Foods Revenue
CapyFin.com Forward Guidance
PepsiCo expects to deliver 8 percent organic revenue growth and 9 percent core constant currency EPS growth for fiscal year 2023.
Positive Outlook
- Core annual effective tax rate of 20 percent.
- Total cash returns to shareholders of approximately $7.7 billion.
- Dividends of $6.7 billion.
- Share repurchases of $1.0 billion.
- Core EPS of $7.27.
Challenges Ahead
- Approximate 2-percentage-point foreign exchange translation headwind to impact reported net revenue.
- Approximate 2-percentage-point foreign exchange translation headwind to impact core EPS growth.
- Unpredictability of future changes in foreign exchange rates.
- Unpredictability of commodity prices.
- Unable to reconcile full year projected 2023 organic revenue growth to full year projected 2023 reported net revenue growth.
Revenue & Expenses
Visualization of income flow from segment revenue to net income