PepsiCo Earnings: Beverages Dip, but Snacks Rise
But for its largest segment, North America Beverages (NAB), PepsiCo, Inc. (NYSE: PEP) would have been able to claim a fairly impressive quarter when it released its fiscal third-quarter 2017 earnings Wednesday morning. PepsiCo's beverage business sagged unexpectedly, causing the company to pull back on projections for full-year organic revenue growth. Yet strength in snacking division Frito-Lay North America (FLNA) and other segments allowed management to raise fiscal 2017 earnings-per-share guidance. We'll dive into these disparities after reviewing the headline numbers directly below.
Data source: PepsiCo.
While PepsiCo recorded a net revenue increase of 1.4%, the important barometer of organic revenue growth (i.e., reported revenue growth adjusted primarily for currency effects, acquisitions, and divestitures) hit just 1.7%, well below the pace of the first two quarters and the full-year target of 3%.
Source: Fool.com
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