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Dec 28, 2019
PepsiCo Q4 2019 Earnings Report
PepsiCo's Q4 2019 earnings surpassed revenue expectations but experienced a significant decline in EPS due to comparability items.
Key Takeaways
PepsiCo reported a 5.7% increase in net revenue for Q4 2019, reaching $20.64 billion. However, EPS decreased by 74% to $1.26, impacted by comparability items. The company provided a 2020 financial outlook, expecting 4% organic revenue growth and 7% core constant currency EPS growth.
PepsiCo's net revenue grew by 5.7% in Q4 2019.
Reported EPS decreased 74% to $1.26, impacted by comparability items.
Organic revenue growth reached 4.3% in Q4 2019.
The company expects 4% organic revenue growth and 7% core constant currency EPS growth for 2020.
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 anticipates organic revenue growth of 4% and core constant currency EPS growth of 7% for 2020.
Positive Outlook
- Full-year organic revenue growth to be 4 percent.
- A core effective tax rate of approximately 21 percent.
- An increase in core constant currency EPS of 7 percent.
- Approximately $11 billion in cash from operating activities
- Free cash flow of approximately $6 billion
Challenges Ahead
- Approximately $5 billion net capital spending.
- Approximately 1-percentage-point foreign exchange translation headwind to reported net revenue growth
- Approximately 1-percentage-point foreign exchange translation headwind to core EPS growth.
- Unpredictability of future changes in foreign exchange rates
- Unpredictability of commodity prices
Revenue & Expenses
Visualization of income flow from segment revenue to net income