Last10K.com

Pepsico Inc (PEP) SEC Filing 10-Q Quarterly report for the period ending Saturday, September 7, 2019

Pepsico Inc

CIK: 77476 Ticker: PEP


Exhibit 99.1
pepsicologo20185a04.jpg
PepsiCo Reports Second-Quarter 2019 Results; Reaffirms 2019 Financial Targets
Reported (GAAP) Second-Quarter and Year-to-Date 2019 Results
 
Second Quarter
Year-to-Date
Net revenue growth
2.2%
2.4%
Foreign exchange impact on net revenue
(3)%
(3)%
Earnings per share (EPS)
$1.44
$2.44
EPS growth
13%
10%
Foreign exchange impact on EPS
(2)%
(2)%
Organic/Core (non-GAAP)1 Second-Quarter and Year-to-Date 2019 Results
 
Second Quarter
Year-to-Date
Organic revenue growth
4.5%
4.8%
Core EPS
$1.54
$2.52
Core constant currency EPS change
(2)%
—%
PURCHASE, N.Y. - July 9, 2019 - PepsiCo, Inc. (NASDAQ: PEP) today reported results for the second quarter 2019.
“We are pleased with our results for the second quarter,” said Chairman and CEO Ramon Laguarta. “While adverse foreign exchange translation negatively impacted our reported net revenue performance, our organic revenue growth was 4.5% in the quarter.”

Laguarta continued, “We are also pleased with the progress on our priorities to make PepsiCo a faster, stronger and better company by building new capabilities, strengthening our brands, adding capacity to grow and transforming our culture. Our performance for the first half and the progress we are making on our strategic priorities give us increased confidence in achieving the 2019 financial targets we communicated earlier this year.”

1 Please refer to the Glossary for definitions of non-GAAP financial measures, including “Organic,” “Core” and “Constant Currency,” and to “2019 Guidance and Outlook” for additional information regarding PepsiCo’s full-year 2019 financial targets. PepsiCo provides guidance on a non-GAAP basis as we cannot predict certain elements which are included in GAAP results, including the impact of foreign exchange and mark-to-market adjustments. Please refer to PepsiCo’s Form 10-Q filed with the SEC on July 9, 2019 for additional information regarding PepsiCo’s financial results for the 12 and 24 weeks ended June 15, 2019.

1



The following information was filed by Pepsico Inc (PEP) on Tuesday, July 9, 2019 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Pepsico Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Pepsico Inc.

Continue

Assess how Pepsico Inc's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Pepsico Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2019 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

Tools

Rating

Learn More
Bullish Bearish Neutral
Filter by Sentiment:
All
Positive
Negative
Filter by Category:
All
Revenue
Financial
M & A
Legal
Other
Filter by Subcategory:
All
Geography
Earnings
Product
Expense
Dividend
Shares
Cash Flow
Income
Other
Inside Pepsico Inc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheet
Condensed Consolidated Balance Sheet (Parenthetical)
Condensed Consolidated Statement Of Cash Flows
Condensed Consolidated Statement Of Comprehensive Income
Condensed Consolidated Statement Of Equity
Condensed Consolidated Statement Of Income
Accumulated Other Comprehensive Loss (Tables)
Accumulated Other Comprehensive Loss - Additional Information (Details)
Accumulated Other Comprehensive Loss Accumulated Other Comprehensive Loss (Notes)
Accumulated Other Comprehensive Loss Accumulated Other Comprehensive Loss Roll Forward (Details)
Acquisitions &Amp; Divestitures (Details)
Acquisitions &Amp; Divestitures (Notes)
Basic And Diluted Net Income Attributable To Pepsico (Detail)
Basis Of Presentation (Tables)
Basis Of Presentation And Our Divisions Basis Of Presentation And Our Divisions (Notes)
Change In Book Value Of Nonamortizable Intangible Assets (Detail)
Debt Obligations And Commitments
Debt Obligations And Commitments (Tables)
Debt Obligations And Commitments - Additional Information (Detail)
Effective Portion Of Pre Tax Gains And Losses On Derivative Instruments (Detail)
Fair Values Of Financial Assets And Liabilities (Detail)
Financial Instruments
Financial Instruments (Tables)
Financial Instruments - Additional Information (Detail)
Income Taxes
Income Taxes Narrative (Details)
Intangible Assets
Intangible Assets (Tables)
Intangible Assets Amortizable Intangible Assets, Net (Detail)
Leases (Details)
Leases (Notes)
Leases (Tables)
Net Income Attributable To Pepsico Per Common Share
Net Income Attributable To Pepsico Per Common Share (Tables)
Net Income Attributable To Pepsico Per Common Share Out-Of-The-Money Options Excluded From The Calculation Of Diluted Earnings Per Common Share (Details)
Pension And Retiree Medical Benefits (Notes)
Pension And Retiree Medical Benefits Narrative (Details)
Pension And Retiree Medical Benefits Net Periodic Benefit Cost (Details)
Pension And Retiree Medical Benefits Periodic Benefit Cost (Tables)
Recently Issued Accounting Pronouncements (Details)
Recently Issued Accounting Pronouncements (Notes)
Restricted Cash Restricted Cash
Restricted Cash Restricted Cash (Details)
Restricted Cash Restricted Cash (Tables)
Restructuring And Impairment Charges (Tables)
Restructuring And Impairment Charges Restructuring And Impairment Charges (Notes)
Restructuring And Impairment Charges Restructuring And Impairment Charges (Summary Of 2014 Productivity Plan Charges) (Details)
Restructuring And Impairment Charges Restructuring And Impairment Charges (Summary Of 2019 Productivity Plan Charges) (Details)
Segment Reporting Information By Net Revenue And Operating Profit (Detail)
Share-Based Compensation
Share-Based Compensation - Additional Information (Detail)
Stock-Based Compensation (Tables)
Weighted Average Black Scholes Fair Value Assumptions (Detail)
Ticker: PEP
CIK: 77476
Form Type: 10-Q Quarterly Report
Accession Number: 0000077476-19-000093
Submitted to the SEC: Thu Oct 03 2019 2:03:29 AM EST
Accepted by the SEC: Thu Oct 03 2019
Period: Saturday, September 7, 2019
Industry: Beverages

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/pep/0000077476-19-000093.htm