04-17-2014, 08:20 AM
Pre-market today
PEP signaled things were getting better when they announced their 15% boost in the dividend earlier this year.
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.
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“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan
“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan