PepsiCo: Reports Fourth-Quarter 2022 Results

Purchase / NY. (pci) PepsiCo Inc. reported results for the fourth quarter 2022. «We are pleased with our results for the fourth quarter and the full year as our business remained resilient and delivered another strong year of growth. Our results demonstrate that the investments we have made in our people, brands, portfolio, value chain, and go-to-market systems are working,» said Chairman and CEO Ramon Laguarta. «Moving forward, we will continue to focus on driving growth and winning in the marketplace while developing advantaged capabilities to fortify our businesses for the long- term. This includes embedding pep+ at the center of our business in how we innovate, operate, run our teams, and build our brands. For 2023, we expect to deliver 6 percent organic revenue growth and 8 percent core constant currency earnings per share growth. We also announced a 10 percent increase in our annualized dividend, starting with our June 2023 payment which represents our 51st consecutive annual increase, and plan to repurchase approximately USD 1.0 billion worth of shares.» For additional information please read the Company’s PDF file below (216 KB):