Pepsico Inc (PEP) 10K Annual Reports & 10Q SEC Filings


	Fourth Quarter	Full-Year
Net revenue growth	10.9%	8.7%
Foreign exchange impact on net revenue	(3)%	(3)%
Earnings per share (EPS)	$0.37	$6.42
EPS change	(61)%	17%
Foreign exchange impact on EPS	(1)%	(2)%

Organic/Core (non-GAAP)1 Fourth Quarter and Full-Year 2022 Results


	Fourth Quarter	Full-Year
Organic revenue growth	14.6%	14.4%
Core EPS	$1.67	$6.79
Core constant currency EPS change	10%	11%

PURCHASE, N.Y. - February 9, 2023

- PepsiCo, Inc. (NASDAQ: PEP) today reported results for the fourth quarter and full-year 2022.

“We are pleased with our results for the fourth quarter and the full year as our business remained resilient and delivered another strong year of growth. Our results demonstrate that the investments we have made in our people, brands, portfolio, value chain, and go-to-market systems are working,” said Chairman and CEO Ramon Laguarta.

Laguarta continued, “Moving forward, we will continue to focus on driving growth and winning in the marketplace while developing advantaged capabilities to fortify our businesses for the long-term. This includes embedding pep+ at the center of our business in how we innovate, operate, run our teams, and build our brands.

For 2023, we expect to deliver 6 percent organic revenue growth and 8 percent core constant currency earnings per share growth. We also announced a 10 percent increase in our annualized dividend, starting with our June 2023 payment which represents our 51st consecutive annual increase, and plan to repurchase approximately $1.0 billion worth of shares.”

1 Refer to the Glossary for the definitions of non-GAAP financial measures including “Organic revenue growth,” “Core” and “Constant currency,” and to “Guidance and Outlook” for additional information regarding PepsiCo’s full-year 2023 financial outlook. PepsiCo provides guidance on a non-GAAP basis as we cannot predict certain elements which are included in reported GAAP results, including the impact of foreign exchange and commodity mark-to-market net impacts. PepsiCo’s fiscal year ends on the last Saturday of each December, resulting in an additional week of results every five or six years (53rd reporting week). PepsiCo’s fourth quarter 2022 includes 17 weeks of results and its 2022 fiscal year includes 53 weeks of results. Please refer to PepsiCo’s Annual Report on Form 10-K for the year ended December 31, 2022 (2022 Form 10-K) filed with the Securities and Exchange Commission (SEC) for additional information regarding PepsiCo’s financial results.

The following information was filed by Pepsico Inc (PEP) on Thursday, February 9, 2023 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Material Contracts, Statements, Certifications & more

Pepsico Inc provided additional information to their SEC Filing as exhibits

Exhibit 4.65: Description Of Securities

Exhibit 10.6: Pepsico International Retirement Plan Defined Benefit Program

Exhibit 10.7: Pepsico International Retirement Plan Defined Contribution Program

Exhibit 10.10: Pepsico Pension Equalization Plan (Plan Document For The 409A Program)

Exhibit 10.14: Pepsico Executive Income Deferral Program (Plan Document For The 409A Program)

Exhibit 21: Subsidiaries Of Pepsico, Inc

Exhibit 23: Consent Of Kpmg Llp

Exhibit 24: Power Of Attorney

Exhibit 31: Certifications Of Ceo And Cfo Pursuant To Section 302

Exhibit 32: Certification Of Ceo And Cfo Pursuant To Section 906

Ticker: PEP
CIK: 77476
Form Type: 10-K Annual Report
Accession Number: 0000077476-23-000007
Submitted to the SEC: Wed Feb 08 2023 6:06:37 PM EST
Accepted by the SEC: Thu Feb 09 2023
Period: Saturday, December 31, 2022
Industry: Beverages