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PepsiCo Falls With Higher Costs Overshadowing Revenue Gains

  • Company is raising prices, has seen supply-chain problems
  • Organic revenue outlook for 2022 comes in ahead of estimates
Delivery trucks parked outside the Pepsi Beverages Co. plant in Louisville, Kentucky.

Delivery trucks parked outside the Pepsi Beverages Co. plant in Louisville, Kentucky.

Photographer: Luke Sharrett/Bloomberg
Updated on

PepsiCo Inc. gave a full-year sales outlook that was ahead of estimates as the company looks to pass the burden of higher costs onto consumers.

Organic revenue is projected to rise 6% this year on an adjusted basis, compared with the 5.4% average estimate, after fourth-quarter growth exceeded analysts’ expectations. The company said Thursday that core earnings per share were $1.53, just 1 cent ahead of analysts’ estimates.