PepsiCo Inc.
PEP,
-0.23%
stated Thursday it had web revenue of $518 million, or 37 cents a share, within the fourth quarter, down from $1.322 billion, or 95 cents a share, within the year-earlier interval. Adjusted for non-recurring gadgets, the corporate had EPS of $1.67, forward of the $1.65 FactSet consensus. Income rose to $27.996 billion from $25.248 billion a yr in the past, additionally forward of the FactSet consensus of $26.828 billion. The corporate is now anticipating 2023 adjusted EPS of $7.20, beneath the FactSet consensus of $7.27. The board permitted a ten% enhance in its annualized dividend to $5.06 a share from $4.60 beforehand. The inventory was up 1.4% premarket, however has fallen 0.5% within the final 12 months via Wednesday’s shut, whereas the S&P 500
SPX,
-1.11%
has fallen 10%.