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Well, it's the health conscious, globalized 21st century, and while PepsiCo's (NYSE:PEP) carbonated drinks may not be performing superbly, its international operation is faring well, and that may finally help PEP's stock break out of a year-long, range-trading pattern.
PepsiCo Thursday posted Q4 EPS of 72 cents, or in-line with the Reuters consensus estimate of 72 cents. PEP also said Q4 revenue totaled $10.38 billion, which was roughly in-line with the $10.40 billion consensus estimate.
"Our international business performed particularly well, delivering double-digit revenue and operating profit growth," Indra Nooyi, the firm's president and chief executive, said in a
statement. "We also made good progress on our key strategic initiatives: providing greater choices to consumers in the area of healthier snacks and beverages; strengthening our international
presence; and advancing our business process transformation project, including our SAP systems implementation."
Investment Category: PepsiCo, a distributor of such iconic brands as Pepsi, Tropicana, and FritoLay, is a globalized consumer conglomerate that carries moderate risk. However, Wall Street
analysts remain mixed on the stock, as slow growth in domestic soft drink sales have hindered revenue and earnings growth. Analysts would like to see PEP add new brands, and continue its solid international performance to help propel the stock, which has languished in a $58-$63 range for about a year.
statement. "We also made good progress on our key strategic initiatives: providing greater choices to consumers in the area of healthier snacks and beverages; strengthening our international
presence; and advancing our business process transformation project, including our SAP systems implementation."
Investment Category: PepsiCo, a distributor of such iconic brands as Pepsi, Tropicana, and FritoLay, is a globalized consumer conglomerate that carries moderate risk. However, Wall Street
analysts remain mixed on the stock, as slow growth in domestic soft drink sales have hindered revenue and earnings growth. Analysts would like to see PEP add new brands, and continue its solid international performance to help propel the stock, which has languished in a $58-$63 range for about a year.
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