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PEP - Dividend Watcher - 04-17-2014
Pre-market today
Quote:From SA:
- PepsiCo (PEP) reports it delivered 4% or better organic revenue growth in every business unit during Q1.
- Organic revenue growth in developing and emerging markets was 9% during the quarter.
- Soft drink volume in North America was down 1%, while non-carbonated beverage volume was up 2%.
- The company's gross margin rate rose 40 bps on productivity gains.
- PepsiCo says it's still on track to deliver $1B in productivity gains
From Marketwatch:
PepsiCo Inc. reported its first-quarter profit rose 13% to $1.22 billion, or 79 cents a share, from $1.08 billion, or 69 cents a share, a year earlier. Adjusted earnings per share were 83 cents. Revenue edged up to $12.62 billion, from $12.58 billion a year earlier, the beverage company said Thursday. Analysts had expected earnings of 75 cents a share on revenue of $12.39 billion, according to FactSet. The firm said it continues to expect adjusted per-share earnings growth of 7% in the 2014 fiscal year. this year.
PEP signaled things were getting better when they announced their 15% boost in the dividend earlier this year.