PepsiCo: Reports Fourth Quarter and Full-Year 2021 Results

Purchase / NY. (pci) PepsiCo Inc. in February reported results for the fourth quarter and full-year 2021. «Our full year net revenue growth meaningfully accelerated in 2021 versus the previous year and this gives us added confidence that the investments we’ve made in our people, brands, innovation, supply chain, go-to-market systems and digitization initiatives are working,» said Chairman and CEO Ramon Laguarta.

Laguarta continued, «Moving forward, we remain committed to building advantaged capabilities that can help us win in the marketplace and become an even faster, even stronger and even better organization. Importantly, this includes putting sustainability and human capital at the center of everything we do with the recent implementation of PepsiCo Positive (pep+), a fundamental end-to-end transformation of what we do and how we do it to create growth and shared value.

«For 2022, we expect to deliver 6 percent organic revenue growth, which is at the high-end of our long-term target range and implies a strong acceleration in our organic revenue growth on a two-year basis. Additionally, we expect to deliver 8 percent core constant currency earnings per share growth, which reflects the impact of inflationary pressures across our value chain and planned investments in our business. We also announced a 7 percent increase in our annualized dividend, starting with our June 2022 payment which represents our 50th consecutive annual increase, and our Board has authorized the repurchase of up to USD 10 billion of PepsiCo common stock through February 2026.»

For additional information please read the company’s PDF file below (119 KB):

20220423-PEPSICO-FY-2021
.