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.
Photographer: Luke Sharrett/BloombergThis article is for subscribers only.
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.