PepsiCo, Inc. (NASDAQ:PEP) stock rose 0.11% (As on Feb 11, 11:52:01 AM UTC-4, Source: Google Finance) after the company beat analysts’ estimates for quarterly revenue by more than $1 billion, helped by higher prices and robust demand for its snacks and sodas. PepsiCo, which raised prices on its sodas and snacks in the fall and winter, plans more increases this year as costs skyrocket for everything, from aluminum cans to labor and shipping, due to the pandemic and the spread of the Omicron coronavirus variant. The company previously said demand has so far held up better than feared in the face of higher prices, but signs the fastest inflation rise in a generation may not ease soon have triggered worries that consumers may soon cut back on purchases. PEP in the fourth quarter of FY 21 has reported the adjusted earnings per share of $1.53, which is inline with the analysts’ estimates for the adjusted earnings per share of $1.53. The company had reported the adjusted revenue growth of 12.4 percent to $25.25 billion in the fourth quarter of FY 21, beating the analysts’ estimates for revenue of $24.24 billion. The company has delivered 11.9 percent organic revenue growth, which was comprised of 5 percentage points of volume growth and a 7-percentage-point contribution from price and mix in the fourth quarter. Geographically, organic revenue growth in North America accelerated to 12 percent as the investments fueled strong performance across beverages and convenient foods, while the International business delivered 11 percent organic revenue growth. Additionally, the company also announced a 7% increase in annual dividend and a new $10 billion stock buyback program. PepsiCo forecast organic sales to rise 6% in 2022, slowing from the near 10% growth it saw last year. It expects fiscal 2022 core earnings of $6.67 per share, compared with analysts’ expectations of $6.73, according to IBES data from Refinitiv. On the other hand, the company has recently completed the previously announced divestiture of Tropicana, Naked and other select juice brands to PAI Partners for approximately $3.5 billion in cash (pre-tax) and a 39 percent noncontrolling interest in a newly formed joint venture that will operate across North America and Europe. The company has entered into new business ventures with Beyond Meat to develop, produce and market plant-based protein products, and The Boston Beer Company to target the lowalcohol occasion with our Mountain Dew brand.

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