PepsiCo (PEP) Q4 2021 earnings

In this photo illustration PepsiCo products are shown on October 05, 2021 in Chicago, Illinois.

Scott Olson | Getty Images

PepsiCo on Thursday beat expectations for fiscal fourth-quarter earnings and revenue, but warned of cost pressures ahead from the rising price of transportation and packaging.

Shares rose about 1.5% in premarket trading, despite the company’s full-year forecast falling short of analysts’ expectations.

Here’s what the company reported compared with what Wall Street was expecting for the fiscal fourth-quarter ended Dec. 25, based on a survey of analysts by Refinitiv:

  • Earnings¬†per share: $1.53¬†adjusted vs. $1.52 expected
  • Revenue: $25.25 billion vs. $24.24 billion expected

The food and beverage giant’s net income for the quarter came in at $1.32 billion, or 95 cents per share. That’s down from $1.85 billion, or $1.33 per share, a year earlier.

Excluding items, Pepsi earned $1.53 per share, topping the $1.52 per share expected by analysts surveyed by Refinitiv.

Net sales increased 12% to $25.25 billion, higher than expectations of $24.24 billion.

The company’s organic revenue, which strips out the impact of acquisitions and divestitures, rose 11.9% in the quarter. In 2022, Pepsi said it expects organic revenue growth of 6%.

Pepsi said it expects to return about $7.7 billion to shareholders in the coming year, including dividends of $6.2 billion and share buybacks totaling $1.5 billion.

Shares of Pepsi are up 23% over the past 12 months. The company’s stock closed Wednesday at $171.94, bringing the company’s market value to $237.73 billion.

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