pepsico inc (PEP) Key Developments
PepsiCo, Inc. Declares Quarterly Dividend, Payable on June 30, 2015
May 5 15
The Board of Directors of PepsiCo, Inc. declared a quarterly dividend of $0.7025 per share of PepsiCo common stock, a 7.3% increase versus the comparable year-earlier period. The dividend is payable on June 30, 2015 to shareholders of record as of June 5, 2015. PepsiCo has paid consecutive quarterly cash dividends since 1965, and 2015 marks the company's 43rd consecutive annual dividend increase.
Pepsico, Inc. - Shareholder/Analyst Call
Apr 29 15
Annual Shareholders' Meeting
Orkla ASA Enters into Agreement with PepsiCo
Apr 27 15
Orkla ASA has signed an agreement with PepsiCo to become the primary go-to- market partner for PepsiCo's juice, cereals, and snacks products in the Nordics, including the brands Tropicana, Quaker, and Lay's. The move expands Orkla's partnership with PepsiCo in the Nordics. Orkla began sales of Tropicana juice in Sweden and Denmark in January, 2015 followed by Finland in April. The new agreement also covers Tropicana in Norway, as well as Quaker in the Nordics, and PepsiCo's snacks in Norway, Sweden, and Finland.
Pepsico, Inc. Announces Unaudited Consolidated Earnings Results for First Quarter Ended March 31, 2015 ; Provides Earnings Guidance for the Year 2015
Apr 23 15
Pepsico, Inc. announced unaudited consolidated earnings results for first quarter ended March 31, 2015. For the quarter, the company reported net revenue of $12,217 million, operating profit of $1,797 million, income before income taxes of $1,601 million, net income attributable to company of $1,221 million or $0.81 per diluted share, net cash provided by operating activities of $270 million, capital spending of $270 million compared to the net revenue of $12,623 million, operating profit of $1,807 million, income before income taxes of $1,616 million, net income attributable to company of $1,216 million or $0.79 per diluted share, net cash provided by operating activities of $181 million, capital spending of $355 million for the same quarter a year ago.
Consistent with its previous guidance for 2015, the company expects mid-single-digit organic revenue growth and 7% core constant currency EPS growth versus its fiscal 2014 core EPS of $4.63, in each case in-line with its long-term targets. Based on the current foreign exchange market consensus, the company now expects foreign exchange translation to have an unfavorable impact of approximately 10 percentage points on full year net revenue growth and approximately 11 percentage points on full year core EPA performance in 2015, reflecting current expectations for continued strengthening of the U.S. dollar. In addition, the company expected low- to mid-single-digit commodity inflation, which includes the estimated impact of transaction-related foreign exchange; higher interest expense driven by increased debt balances; a core effective tax rate of approximately 25%; over $10 billion in cash flow from operating activities and more than $7 billion in free cash flow (excluding certain items); net capital spending to be approximately $3 billion, within the company’s long-term capital spending target of less than or equal to 5% of net revenue.
Pepsico and NBA Announces Marketing Partnership
Apr 13 15
PepsiCo and the National Basketball Association announced a new multiyear marketing partnership, making the food and beverage company an official marketing partner of the NBA, NBA Development League (NBA D-League), and USA Basketball beginning next season. As part of this expansive food and beverage partnership with the league, the company will leverage its Mountain Dew, Aquafina, Brisk, Doritos, and Ruffles brands to engage NBA fans through the company's world-class sports marketing and high-profile activation. The partnership between the NBA and the company's builds upon the league's relationship with Gatorade, the NBA's longest-standing partner. Mountain Dew will serve as the lead brand of this partnership in North America and will introduce several new fan and community activities, highlighted by a significant commitment to expanding the NBA's 3-on-3 basketball program. NBA 3X is a growing league initiative that brings the game of basketball to life in a fast-paced and engaging format, exemplifying the ethos of the Mountain Dew brand. In addition, the company's water brand, Aquafina, will support programs around the NBA's youth, health, and wellness initiatives.