(Finance) – PepsiCoa US multinational food, snack and beverage company, closed the second quarter of 2022 with Net revenues up 5.2% to $ 20.23 billion. Organic revenue increased 13% in the quarter. The company has registered a Net income of $ 1.43 billion, or $ 1.03 per share, compared to $ 2.36 billion, or $ 1.70 per share, a year earlier. L’adjusted earnings per share was $ 1.86. The market, according to Refinitiv data, expected earnings per share of $ 1.74 on revenues of $ 19.51 billion.
“We are pleased with our second quarter results since the our commercial momentum has continued despite continued macroeconomic and geopolitical volatility and higher levels of inflation in our markets, “said President and CEO Ramon Laguarta.
“Given our year-to-date performance, we now expect ours organic revenues for the whole year will increase by 10% (previously 8%) and we continue to predict that earnings per share in constant currency core will increase by 8%, “he added.