Orange Spain saw a sharp 4.6 per cent fall in revenues in the first quarter of the year to €1.13 billion, complicating its merger with MásMóvil in terms of ...
Telefónica plans to include new added-value services, such as telemedicine, home alarm services and video games along with Microsoft (via Xbox) in an attempt to boost loyalty among its customers and make a difference in the market. Orange Spain saw a 4.6 per cent fall in revenues in the first quarter of the year to €1.13 billion, complicating its merger with MásMóvil in terms of balance of powers between the parties and the final financial value of the operation due to be completed by June.Tough competition and low cost offers in the market led the French owned telco to losses across all business segments with a 4 per cent fall in consumer revenues, 8.2 per cent in wholesale services and a 3 per cent fall in mobile phone sales. Nevertheless, the number of customers grew by 2.8 per cent on the same period last year to 20.5 million, out of which 16.48 million are mobile subscribers and 4 million broadband customers.
Coca-Cola has today beaten quarterly revenue expectations, helped by higher prices and a rebound in demand for its fizzy drinks at cinemas and restaurants.
Net revenue rose 16% to $10.5 billion in the first quarter. The company said its decision to suspend its operations in Russia would impact its annual profit by 4 cents per share. Coca-Cola has today beaten quarterly revenue expectations, helped by higher prices and a rebound in demand for its fizzy drinks at cinemas and restaurants.
Coca-Cola on Monday reported quarterly earnings and revenue that topped analysts' expectations. Coke's unit case volume rose 8% during the quarter, ...
Coke's unit case volume rose 8% during the quarter. The company is seeing higher costs for key materials like high fructose corn syrup, plastic and aluminum. As inflation puts pressure on Coke's profit margins and shoppers' wallets, the company said it's been expanding its lineup of single-serving offerings at "affordable" prices. High demand and shopping trends pushed many food and drink companies to focus on bulk packaging, but smaller packaging has returned in recent months. The company largely weathered inflationary challenges during the first quarter and maintained its outlook. Net sales rose 16% to $10.5 billion, topping Wall Street's expectations of $9.83 billion.
AT&T revealed a 2.5% increase in revenue for its core wireless business operations before naming Jeff McElfresh as its new chief operating officer (COO).
This includes Thaddeus Arroyo, who has been named the new chief strategy and development officer after a stint as CEO of AT&T’s consumer business. McElfresh, a 20-year industry veteran, took on the role of CEO of communications in 2019 and was named as the new COO in an internal message to staff. Just a day after revealing its latest financial results, AT&T named Jeff McElfresh, CEO of its communications division as its new COO. "With incoming economic headwinds, AT&T may struggle to retain business momentum as consumers and business scale back costs, however the rationalisation of its business – focusing on 5G and fibre connectivity, alongside bolstering its new media business following the WarnerMedia Discovery merger, puts AT&T in a solid position for the coming year." Service revenues were up by 4.8% and equipment revenues by 7.3% year-on-year and there was a 2.5% increase in the mobility and consumer wireline. AT&T revealed a 2.5% increase in revenue for its core wireless business operations before naming Jeff McElfresh as its new chief operating officer (COO).
Sales at Coca-Cola surged 16% during the first quarter as crowds returned to movie theaters, music venues and sport stadiums. Coca-Cola was among the ...
Coke is getting hit across the board on rising costs for everything from aluminum and sugar to transportation. Sales of Coca-Cola Zero Sugar increased 14%, while sales of its namesake Coca-Cola soft drink rose 6%. Overall sales for the sparkling soft drink category climbed 7%. Coca-Cola was among the companies to pull the plug on Russian operations after the country invaded neighboring Ukraine. But on Monday, it stuck by earlier revenue growth projections of 7% to 8% and per-share growth of 5% to 6% for the year.
Sales at Coca-Cola surged 16% during the first quarter as crowds returned to movie theaters, music venues and sport stadiums.
Coke is getting hit across the board on rising costs for everything from aluminum and sugar to transportation. Sales of Coca-Cola Zero Sugar increased 14%, while sales of its namesake Coca-Cola soft drink rose 6%. Overall sales for the sparkling soft drink category climbed 7%. Shares of The Coca-Cola Co. rose slightly before the opening bell. Coca-Cola was among the companies to pull the plug on Russian operations after the country invaded neighboring Ukraine. But on Monday, it stuck by earlier revenue growth projections of 7% to 8% and per-share growth of 5% to 6% for the year. The Atlanta company posted net income of $2.78 billion, or 64 cents per share, topping Wall Street's expectations for per-share earnings by 6 cents, according to a survey by Zacks Investment Research. Sales at Coca-Cola surged 16% during the first quarter as crowds returned to movie theaters, music venues and sport stadiums, offsetting rising input costs for the company and the suspension of operations in Russia.
Coca-Cola Co surpassed quarterly revenue expectations after raising prices and the reopening of theatres and restaurants. In results published on Monday,
However, the soft drinks titan warned its suspension of operations in Russia would result in a hit to annual profit worth four cents per share. Coca Cola beats quarterly revenue expectations as thirst for hospitality returns
(Reuters) -Coca-Cola Co beat quarterly revenue expectations on Monday, helped by higher prices and a rebound in demand for its sodas at theaters and r...
(Reporting by Uday Sampath and Praveen Paramasivam in Bengaluru; Editing by Arun Koyyur) The company said its decision to suspend its operations in Russia would impact its annual profit by 4 cents per share. (Reuters) -Coca-Cola Co beat quarterly revenue expectations on Monday, helped by higher prices and a rebound in demand for its sodas at theaters and restaurants.
Swiss pharma giant Roche predicts a revenue slowdown related to its COVID-19 products and the increasing challenge of biosimilar drugs.
Roche said the Polivy treatment regimen is the first therapy in more than two decades to significantly improve the outcome of this type of hematological cancer. “As expected, we started the year with strong demand for our diagnostics base business, our broad portfolio of COVID-19 tests and our new medicines. The Phase III SKYSCRAPER-02 study, which assessed the investigational anti-TIGIT immunotherapy tiragolumab plus Tecentriq and chemotherapy in patients with extensive-stage small-cell lung cancer (ES-SCLC), failed to meet its co-primary endpoint of progression-free survival. In the first quarter, the Committee for Medicinal Products for Human Use recommended approval of mosunetuzumab as a treatment for follicular lymphoma and expanded approval for Tecentriq in early-stage non-small cell lung cancer. If these medications receive the green light from the European Medicines Agency, Roche said Tecentriq will be the only immunotherapy available for certain patients with early-stage NSCLC in Europe. Also, mosunetuzumab will be the first CD20xCD3 T-cell engaging bispecific antibody available to treat follicular lymphoma. The company is seeing particularly high biosimilar competition in China.
Coca-Cola press release (KO): Q1 Non-GAAP EPS of $0.64 beats by $0.06.Revenue of $10.5B (+16.7% Y/Y) beats by $670M.Shares -1.6% PM.On March 8, 2022, ...
General Electric (GE) reports Q1 earnings before market open on April 26. Can its aviation revenue continue to recover toward pre-pandemic levels?
GE's aviation revenue finally started to grow again in the second quarter, rising 10.4% YOY. It continued to grow but at a decelerating pace throughout the second half of the year. Adjusted EPS is expected to decline 23.9% YOY, which would be the first decline since the final quarter of FY 2020. First, it is the segment that generates the largest share of the company's revenue and profits. That demand shock spilled over into demand for GE's own aviation products, causing its aviation revenue to plummet throughout FY 2020 and into the first quarter of FY 2021. Revenue is expected to fall 0.3% YOY, marking the third straight quarter of declines and the 14th in the past 15 quarters. That adverse shock to travel demand caused a weakening of demand for commercial aircraft.9 Revenue fell 0.5% YOY, a disappointing result after the previous quarter's growth, which was the first quarter of revenue growth since Q2 FY 2018.3 GE said that its aviation business, which was severely impacted by the COVID-19 pandemic, was showing continued signs of recovery.6 This key metric indicates how much revenue the company generates from its aviation segment, which is closely tied to the health of the passenger airline industry. Adjusted EPS rose 50.0% YOY, marking the third straight quarter of rising earnings after four consecutive quarters of declines. Shares of GE have underperformed the broader market over the past year. Those declines were aggravated when GE's revenue took an especially big hit in 2020, plunging 20.4%, due to the economic shock triggered by the COVID-19 pandemic. General Electric Co. (GE) has posted declining annual revenue for four straight years as the company has struggled through a series of major restructurings.
Increased demand for the company's beverages contributed to an 18% jump in organic revenue growth. The maker of brands such as Sprite and Fanta reported revenue ...
Even with the blowout quarter, Coca-Cola didn’t change its full-year organic revenue growth outlook of 7% to 8%. There was no change to its earnings forecast for the year, either. Analysts say the company is navigating supply constraints and cost pressures better than some of its peers. It was “a good start to the year,” said John Murphy, Coca-Cola’s chief financial officer, in an interview.
Frenkel Topping saw its revenue nearly double in 2021, and has seen “robust” trading so far this year, the chief executive has said. The group posted revenues of £18.4mn in 2021, an increase from £10.2mn in 2020. Gross profit rose 64 per cent to £9mn ...
He added that the board is continuing to assess further acquisitions in the pre-settlement professional services marketplace in personal injury and clinical negligence. “The board remains focused on delivering value for all stakeholders and are happy to report that the group is trading in line with management's expectations." The group posted revenues of £18.4mn in 2021, an increase from £10.2mn in 2020.
By Sabela Ojea Frenkel Topping Group PLC reported on Monday a significant rise in pretax profit and revenue for 2021, adding that it has started 2022 in an.
Write to Sabela Ojea at [email protected]; @sabelaojeaguix The board has declared a dividend of 1.36 pence for the year, unchanged from 2020. The U.K.-based financial adviser and wealth manager posted a pretax profit of 2.7 million pounds ($3.5 million) for the year, compared with GBP1.5 million a year earlier.
Google (Alphabet) (GOOGL) reports Q1 earnings after market close on April 26. Can it maintain strong growth in Google Cloud revenue?
For full-year FY 2022, analysts forecast that Google Cloud revenue will rise 38.4%, which would be the slowest pace in at least five years.1 EPS rose 37.7% compared to the year-ago quarter, its slowest pace since EPS declined in the second quarter of FY 2020. For full-year FY 2022, analysts forecast EPS to rise 3.5%, which would be its slowest pace in at least five years. That would be the slowest pace of growth in at least 14 quarters. Revenue grew 32.4% year over year (YOY), marking its slowest pace since the final quarter of FY 2020.1 The company noted that it experienced strong growth in both its advertising and cloud computing businesses.5 Revenue is expected to rise but at its slowest pace in six quarters.1 EPS increased 70.7% YOY, slowing dramatically from a YOY pace of 169.1% set in the previous quarter. Google Cloud is one of Alphabet's primary business segments. Shares of Alphabet have provided a total return of 6.2% over the past year, above the S&P 500's total return of 3.3%. Investors will also be focusing on revenue for Google Cloud, one of Google's main business segments. Google (Alphabet) Inc. (GOOGL) in 2021 had a blockbuster year when it comes to financial performance. Investors will be watching to see if Google can maintain its strong momentum when it reports earnings on April 26, 2022 for Q1 FY 2022.3 Analysts are not optimistic.
Streaming video subscriptions might be more disposable than imagined, but the juggernaut of cloud infrastructure and enterprise services is another matter…
On average, analysts expect Microsoft to report profits of $2.18 per share, up from $2.03 a year ago. This contrasts with the popular view that cloud growth will slow as the work-from-home trend loses steam, he notes. He added, “We are seeing deal sizes continue to increase markedly despite macro jitters as enterprise-wide digital transformation shifts are accelerating with CIOs all focused on readying their respective enterprises for a cloud driven architecture with MSFT poised to beat Azure whisper growth numbers of ~45% this quarter.”
Sales at Coca-Cola surged 16% during the first quarter as crowds returned to movie theaters, music venues and sport stadiums. Coca-Cola was among the ...
Coke is getting hit across the board on rising costs for everything from aluminum and sugar to transportation. Sales of Coca-Cola Zero Sugar increased 14%, while sales of its namesake Coca-Cola soft drink rose 6%. Overall sales for the sparkling soft drink category climbed 7%. Sales at Coca-Cola surged 16% during the first quarter as crowds returned to movie theaters, music venues and sport stadiums, offsetting rising input costs for the company and the suspension of operations in Russia.
The results don't include first-quarter performance from WarnerMedia, which Discovery bought this month.
Warner Bros. Discovery said it added 2 million Discovery-related streaming subscribers in the quarter for a total of 24 million. The announcement marked the final time WarnerMedia would be part of AT&T's earnings report. "There's meaningful churn on HBO Max — much higher than the churn we have seen," Zaslav said. Zaslav confirmed HBO Max and Discovery+ will be combined and offered as product "we can really drive around the world." "Right or wrong, management has made a decision to invest a lot of the incoming funds into a number of investment initiatives," Wiedenfels said. WarnerMedia planned to spend hundreds of millions more on the service.
Today, Warner Bros. Discovery, Inc. reported financial results for the first quarter of 2022 (January 1 through March 31). The results are for Discovery, ...
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Warner Bros Discovery's quarterly revenue rose 13% in the first set of results from the media giant forged by a $43 billion merger between Discovery and ...
Warner Bros Discovery's total revenue rose 13% to $3.16 billion for the first quarter ended March 31. Net income available to the company rose to $456m, or 69 cents per share, from $140m, or 21 cents per share, a year earlier. Warner Bros Discovery's quarterly revenue rose 13% in the first set of results from the media giant forged by a $43 billion merger between Discovery and AT&T's WarnerMedia assets.
Mednow Inc. (“Mednow'' or the “Company”) (TSXV: MNOW) (OTCQB:MDNWF), Canada's on-demand virtual pharmacy, is pleased to provide a corporate update on.
Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. These measures include “EBITDA” and “Adjusted EBITDA”. These measures should not be reviewed and assessed as a substitute for financial information reported under IFRS. A reconciliation of the non-IFRS measures to the IFRS measure is below. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important factors that may cause actual results to vary, include, without limitation, changes in market conditions, fluctuations in the currency markets, changes in national and local governments, legislation, taxation, controls, regulations, and political or economic developments in Canada or other countries in which the Company may carry on business in the future; risks relating to the credit worthiness or financial condition of suppliers and other parties with whom the Company does business; inadequate insurance or inability to obtain insurance to cover these risks; availability and increasing costs associated with operational inputs and labor; business opportunities that may be presented to, or pursued by the Company; the Company’s ability to successfully integrate acquisitions; the ongoing economic impacts of the COVID 19 pandemic, and the risk factors discussed or referred to in the Company’s disclosure documents under the Company’s profile at www.sedar.com Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Non-IFRS financial measures are not standardized financial measures under International Financial Reporting Standards (“IFRS”). As such, these measures may not be comparable to similar financial measures that are disclosed by other companies. Mednow’s services include free at-home delivery of medications, a user-friendly interface for easy upload, transfer, and refill of prescriptions, access to healthcare professionals through an intuitive chat experience, a specialized PillSmart™ system that packages prescriptions, and vitamins by date and time, and doctor consultations. The gross margin is expected to average at approximately 20%, with 40K - 45K active patients, and a net loss for the year. The gross margin is expected to average at approximately 25%, with 110K - 120K active patients. In fiscal Q3 2022, Mednow is forecasted to have quarterly revenue of $5 - $5.5M, quarter-over-quarter growth of approx. Mednow is a healthcare technology company offering virtual access with a high-standard of care. Mednow plans to launch its Montreal, Quebec fulfillment centre in May 2022.
On Tuesday, Warner Bros. Discovery held its first quarterly earnings report as Warner Media and Discovery newlyweds. Wait. Didn't that deal JUST close?
Considering this is the company’s first year together, “2022 will undoubtedly be a messy year,” Wiedenfels said. Original content production, along with the respective companies’ huge content libraries, will be a big chunk of the streaming picture. “Q1 operating profit for Warner Media [saw] a 33% decline, [compared with] last year, to $1.3 billion. The content lineup includes scripted and unscripted television series from Warner, half the MGM library and a large international offering of live sports. The combined company will look to streaming and original content production as its core growth engines. Cash flow was down even more, declining by $2.6 billion versus the prior year.” We won’t overspend [just] to drive subscriber growth [alone].” Warner Bros. Discovery plans to offer an ad-free SVOD tier along with a cheaper, ad-lite AVOD offering. “Today’s call is predominantly meant to discuss Discovery’s Q1 operating performance,” he said. It sees itself as “driving down a middle lane” between the AVOD and SVOD roads, which other major SVOD-first streamers like Netflix and Disney+ have been recently grappling with. Of that total, five million signed up in Q1. But it seems apparent which of the couple is currently wearing the pants.
The maker of Frito-Lay's chips and Mirinda drinks beat street estimates; Pepsi's net income for the first quarter stood at $4.26 billion.
In the region, operating profit increased 30%, led by net revenue growth and productivity savings. The company raised full-year forecast for organic revenue growth. The maker of Frito-Lay’s chips and Mirinda drinks beat street estimates; Pepsi’s net income for the first quarter stood at $4.26 billion
While on the volume side, the company has reported a "high-single-digit growth" for the Indian market for the convenient foods and beverages units, said a ...
More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. The beverage segment saw volume growth of 7 per cent, in AMESA for the quarter that ended on March 19, 2022. As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance. Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Pepsico India
BofA Securities analyst Curtis Nagle said he now expects revenue at the online shopping site to fall 9% in 2022 versus an earlier call for growth of 4%.
Overstock didn’t immediately respond to a request for comment. Analyst Curtis Nagle said he now expects revenue to fall 9% in 2022 versus an earlier call for growth of 4%. Management of the online shopping site has forecast growth in the high single digits. Shares of Overstock took a hit after BofA Securities downgraded the stock, citing tougher economic conditions and a lack of factors likely to bring growth in the near term.
Sales at Coca-Cola surged 16% during the first quarter as crowds returned to movie theaters, music venues and sport stadiums.
Coca-Cola Co. on Monday, April 25, 2022, reported first-quarter net income of $2.78 billion. Sales at Coca-Cola surged 16% during the first quarter as crowds returned to movie theaters, music venues and sport stadiums. Bottles of Coca-Cola are on display at a grocery market in Uniontown, Pa, on Sunday, April 24, 2022. Sales at Coca-Cola surged 16% during the first quarter as crowds returned to movie theaters, music venues and sport stadiums. The Atlanta company said it had net income of 64 cents per share. Shares of The Coca-Cola Co. rose slightly before the opening bell.
Australia's Woodside Petroleum reported a more than twofold jump in quarterly revenue on Tuesday, buoyed by rising oil and gas prices, and it expects to ...
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(RTTNews) - Woodside Petroleum Ltd. (WOPEF.PK, WOPEY.PK, WPL.AX) reported that its first-quarter total sales revenue climbed to US$2.36 billion, ...
(RTTNews) - Woodside Petroleum Ltd. (WOPEF.PK, WOPEY.PK, WPL.AX) reported that its first-quarter total sales revenue climbed to US$2.36 billion, from US$1.12 billion in the same quarter last year. Delivered sales volume for the quarter were 25.5 mmboe, down from 25.7 mmboe in the previous year. Delivered production for the quarter was 22.3 million barrels of oil equivalent or mmboe, down from 23.7 mmboe in the previous year.
(Reuters) -Coca-Cola Co beat quarterly revenue expectations on Monday, helped by higher prices and a rebound in demand for its sodas at theaters and ...
(Reporting by Uday Sampath and Praveen Paramasivam in Bengaluru; Editing by Arun Koyyur) The company said its decision to suspend its operations in Russia would impact its annual profit by 4 cents per share. (Reuters) -Coca-Cola Co beat quarterly revenue expectations on Monday, helped by higher prices and a rebound in demand for its sodas at theaters and restaurants.
Press releaseParis, 26 April 2022 Financial information at 31 March 2022 Revenue growth and improved EBITDAaL margin Retail services reap full benefits...
(0) (0) (0) (0) (0) (0) (11.3)% (11.3)% (2.5)% (2.5)% (1.7)% (1.7)%
Net Revenues Grew 16%; Organic Revenues (Non-GAAP) Grew 18%. Operating Income Grew 25%; Comparable Currency Neutral Operating Income (Non-GAAP) Grew 24%.
“Unit case volume” means the number of unit cases (or unit case equivalents) of company beverages directly or indirectly sold by the company and its bottling partners to customers or consumers. - “Concentrate sales” represents the amount of concentrates, syrups, beverage bases, source waters and powders/minerals (in all instances expressed in unit case equivalents) sold by, or used in finished beverages sold by, the company to its bottling partners or other customers. For Costa non-ready-to-drink beverage products, “concentrate sales” represents the amount of beverages, primarily measured in number of transactions (in all instances expressed in unit case equivalents) sold by the company to customers or consumers. Concentrate sales were 3 points ahead of unit case volume, largely due to the timing of concentrate shipments in the current quarter, partially offset by the impact of one less day in the quarter. - Price/mix grew 11%, primarily driven by pricing actions in the marketplace, continued recovery in the fountain business and away-from-home channels, and strong growth in premium offerings. - Price/mix grew 6%, driven by pricing actions in the marketplace, favorable channel and package mix, and positive geographic mix. Growth in developed markets was led by the United States, the United Kingdom and Mexico, while growth in developing and emerging markets was led by Brazil and India. - Unit case volume grew 5%. Growth was driven by further recovery in the fountain business as coronavirus related uncertainty continued to abate. Operating margin expansion was primarily driven by strong topline growth, partially offset by an increase in marketing investments versus the prior year, the impact of the BODYARMOR acquisition and currency headwinds. 4 Due to the combination of multiple business models in the Global Ventures operating segment, the composition of concentrate sales and price/mix may fluctuate materially on a periodic basis. - Revenues: Net revenues grew 16% to $10.5 billion, and organic revenues (non-GAAP) grew 18%. Revenue performance included 7% growth in price/mix and 11% growth in concentrate sales. - Building a competitive edge through excellence in revenue growth management (RGM): The company, in close alignment with its bottling partners, continues to raise the bar in integrated execution to deliver value to its customers and consumers in an inflationary environment.
Office rental company IWG on Tuesday warned of higher costs this year due to rising inflation, after posting a rise in quarterly revenue buoyed by growing ...
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Pepsi beat estimates for quarterly revenue today and raised its full-year forecast on steady demand for its drinks and snacks even in the face of several ...
The company said it now expects fiscal 2022 organic revenue to rise 8%, compared with its forecast of a 6% increase. In March, PepsiCo and Coca-Cola said they were suspending sales of their fizzy drinks in Russia, as a cascade of major American brands ceased some or all of their businesses in the country following Moscow's invasion of Ukraine. The Lays crisps maker also said it took a $241 million charge in the first quarter related to property, plant and equipment impairment, as well as inventory write-downs due to the Russia-Ukraine crisis.
PepsiCo Inc. undefined said Tuesday it had net income of $4.261 billion, or $3.06 a share, in the first quarter, up from $1.714 billion, or $1.24 a share, ...
Revenue rose to $16.200 billion from $14.820 billion, also ahead of the $15.538 billion FactSet consensus. The drinks and snacks company said it still expects full-year core constant currency EPS to rose 8% and to return about $7.7illion to shareholders between $6.2 billion of dividends and share buybacks of $1.5 billion. Adjusted per-share earnings came to $1.29, ahead of the $1.23 FactSet consensus.
Pepsi reported a $193 million impairment charge, after taxes, as it tries to discontinue or reposition some of its juice and dairy brands in Russia.
The company reiterated its forecast for full-year core earnings per share growth of 8%. An additional impairment charge of $241 million after taxes related to the Russia-Ukraine conflict weighed on its earnings by 17 cents per share. Still, Pepsi said it gained market share in the rice and pasta, light snacks, ready-to-eat cereal and snack bar categories. Quaker Foods was the only North American business unit to report shrinking volume during the quarter. "There's a lot of initial trial," he said. On the heels of its strong performance, the company raised its full-year forecast for organic revenue growth.
Companies are grappling with higher costs on everything from aluminum cans to labor and shipping due to pandemic-induced disruptions to the global supply chain, ...
The company also said it took a $241 million charge in the first quarter related to property, plant and equipment impairment, as well as inventory write-downs due to the Russia-Ukraine crisis. The company said it now expects fiscal 2022 organic revenue to rise 8%, compared with its forecast of a 6% increase. PepsiCo Inc raised its full-revenue forecast on Tuesday, aided by higher prices and a rebound in demand for its sodas at theaters and restaurants.