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PepsiCo, Inc. Shares Little Changed By Earnings, Sodastream International Ltd Surges

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PepsiCo and SodaStream released their latest earnings reports before opening bell this morning. Pepsi reported adjusted earnings of $1.20 per share, marking a 15% increase year over year, on $19.52 billion in sales. Analysts had been expecting $1.16 per share in earnings and $19.5 billion in revenue. In the year-ago quarter, the soda maker reported $18.59 billion in revenue.

SodaStream reported $131.8 million in revenue and 71 cents per share in earnings compared to $112.0 million and 24 cents per share in the same quarter a year ago. Analysts had been expecting 36 cents per share and $125.5 million in sales.

PepsiCo’s sales grow in most segments

PepsiCo’s GAAP earnings fell 17% year over year to 97 cents per share as currency headwinds had a negative 3% impact on the results. Frito Lay North America sales grew 10%, while Quaker Foods North America revenue rose 5% year over year. North America Beverages sales increased 8%, while Europe Su-Saharan Africa revenues grew 43%. Asia, Middle East and North Africa revenues fell 13% year over year.

“We met or exceeded every financial goal we set for 2016, while delivering a good balance between revenue performance and productivity,” PepsiCo Chairman and CEO Indra Nooyi said in a statement. “Looking ahead to 2017, we expect solid financial performance despite anticipated continued macroeconomic challenges. Further, reflecting our commitment to providing attractive cash returns to shareholders, we are increasing our dividend per share for the 45th consecutive year, beginning with our June 2017 payment.”

Shares of PepsiCo were little changed in premarket trading, falling by as much as 0.35% to $106.55 after this morning’s earnings announcement.

SodaStream posts strong results


SodaStream’s EBITDA surged 122.3% year over year to $24.8 million from $11.1 million in adjusted EBITDA in the year-ago quarter. Sparkling water sales rose 37% year over year to $56.7 million, while consumables revenue rose 5% to $74 million. SodaStream sold 941,000 Sparkling Water Maker Starter Kits, 7.4 million CO2 Refills and 5.2 million flavors during the fourth quarter.

Western Europe revenue increased 18% to $74.8 million, while Americas revenue grew 20% to $36.1 million. Asia Pacific revenue grew to $14.9 million, while Central and Eastern Europe, the Middle East and Africa revenue remained flat at $6 million.

Shares of SodaStream surged in premarket trades, climbing by as much as 6.15% to $50.26 after this morning’s earnings announcement.

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