Please disable Ad Blocker before you can visit the website !!!

PepsiCo Long

by SignalFactory   ·  October 1, 2020 | 12:41:56 UTC  

PepsiCo Long

by SignalFactory   ·  October 1, 2020 | 12:41:56 UTC  

PepsiCo Inc forecast full-year profit above market expectations on Thursday after a rebound in soda sales and increased demand for the company’s snacks during the COVID-19 crisis helped drive quarterly sales higher.

The packaged food company beat revenue and profit estimates for the third quarter, sending its shares up 2% in premarket trading.

People spending more time working from home and taking online classes has led to a rise in demand for salty snacks, boosting demand for PepsiCo’s Tostitos, Cheetos, and Doritos from households across North America.

Sales of snacks under the company’s Frito-Lay North America unit, rose 7% in the quarter, while higher demand for breakfast foods led to a 6% rise at its Quaker Foods business.

“Both Frito-Lay and Quaker Foods continued to deliver robust growth as at home consumption trends have remained strong despite the measured reopening of economies and activities in certain areas, since May,” Chief Executive Officer Ramon Laguarta.

Higher demand for the company’s Starbucks branded coffee and energy drinks as well as low-calorie versions of Gatorade, Mountain Dew, and Pepsi helped boost the revenue of PepsiCo’s North America beverage business by 6%.

That helped offset a slump in sales at restaurants, theaters and stadiums, which has been hurting the unit’s revenue since the start of the pandemic.

Overall net revenue rose more than 5% to $18.09 billion in the quarter ended Sept. 5, beating analysts’ expectations of $17.23 billion, according to IBES data from Refinitiv.

It forecast full-year core earnings of $5.50 per share, above expectations of $5.36 per share.

In the reported quarter, net profit attributable to the company rose 9.1% to $2.29 billion, or $1.65 per share. Excluding items, the company earned $1.66 per share, beating market expectation of $1.49 per share.

PepsiCo on Thursday reported its quarterly sales grew by more than 5% as consumers bought more of its Tostitos and pancake mixes.

The food and beverage giant also provided an outlook for its earnings and revenue for the first time since yanking its forecast in April, when coronavirus pandemic lockdowns hit sales.

Earnings per share: $1.66, adjusted, vs. $1.49 expected

Revenue: $18.09 billion vs. $17.23 billion expected

Pepsi reported fiscal third-quarter net income of $2.29 billion, or $1.65 per share, up from $2.1 billion, or $1.49 per share, a year earlier. The company spent $147 million this quarter on costs associated with the coronavirus pandemic, like more expensive labor and buying personal protective equipment.

PepsiCo Long (Buy)

ENTER AT: 140.83

T.P_1: 147.89

T.P_2: 153.64

S.L: 135.24

All information on this website is of a general nature. The information is not adapted to conditions that are specific to your person or entity. The information provided can not be considered as personal, professional or legal advice or investment advice to the user. This website and all information is intended for educational purposes only and does not give financial advice. Signal Factory is not a service to provide legal and financial advice; any information provided here is only the personal opinion of the author (not advice or financial advice in any sense, and in the sense of any act, ordinance or law of any country) and must not be used for financial activities. Signal Factory does not offer, operate or provide financial, brokerage, commercial or investment services and is not a financial advisor. Rather, Signal Factory is an educational site and a platform for exchanging Forex information. Whenever information is disclosed, whether express or implied, about profit or revenue, it is not a guarantee. No method or trading system ensures that it will generate a profit, so always remember that trade can lead to a loss. Trading responsibility, whether resulting in profits or losses, is yours and you must agree not to hold Signal Factory or other information providers that are responsible in any way whatsoever. The use of the system means that the user accepts Disclaimer and Terms of Use. Signal Factory is not represented as a registered investment consultant or brokerage dealer nor offers to buy or sell any of the financial instruments mentioned in the service offered. While Signal Factory believes that the content provided is accurate, there are no explicit or implied warranties of accuracy. The information provided is believed to be reliable; Signal Factory does not guarantee the accuracy or completeness of the information provided. Third parties refer to Signal Factory to provide technology and information if a third party fails, and then there is a risk that the information may be delayed or not delivered at all. All information and comments contained on this website, including but not limited to, opinions, analyzes, news, prices, research, and general, do not constitute investment advice or an invitation to buy or sell any type of instrument. Signal Factory assumes no responsibility for any loss or damage that may result, directly or indirectly, from the use or dependence on such information. All information contained on this web site is a personal opinion or belief of the author. None of these data is a recommendation or financial advice in any sense, also within the meaning of any commercial act or law. Writers, publishers and affiliates of Signal Factory are not responsible for your trading in any way. The information and opinions contained in the site are provided for information only and for educational reasons, should never be considered as direct or indirect advice to open a trading account and / or invest money in Forex trading with any Forex company . Signal Factory assumes no responsibility for any decisions taken by the user to create a merchant account with any of the brokers listed on this website. Anyone who decides to set up a merchant account or use the services, free of charge or paid, to any of the Forex companies mentioned on this website, bears full responsibility for their actions. Any institution that offers a service and is listed on this website, including forex brokers, financial companies and other institutions, is present only for informational purposes. All ratings, ratings, banners, reviews, or other information found for any of the above-mentioned institutions are provided in a strictly objective manner and according to the best possible reflection of the materials on the official website of the company. Forex trading is potentially high risk and may not be suitable for all investors. The high level of leverage can work both for and against merchants. Before each Forex investment, you should carefully consider your goals, past experience and risk level. The opinions and data contained on this site should not be considered as suggestions or advice for the sale or purchase of currency or other instruments. Past results do not show or guarantee future results. Neither Signal Factory nor its affiliates ensure the accuracy of the content provided on this Site. You explicitly agree that viewing, visiting or using this website is at your own risk.

Signal Factory is now on Telegram

make sure to join our Telegram channel now and you will not miss any update