Producer of soft drinks and snacks PepsiCo (Nasdaq: PEP) released Q2 2021 cash figures:
- revenue increased by twenty-one percent, up to $19.2 billion;
- organic sales excluding FX and takeovers added thirteen percent;
- operating profit increased by thirty-five percent, up to 3.1 billion;
- pure profit increased by forty-three percent, up to 2.4 billion.
Sales structure PepsiCo in North America looks like this:
- Frito-Lay - snacks and chips, similar as Lay's, Cheetos and others. Реализации на протяжении всего карантина оставались высочайшими — выручка увеличилась на семь процентов.
- Quaker Foods - Grains & Pasta. In this sector, sales have fallen, for the reason that, that users eat less at home, - revenue fell by thirteen percent.
- PepsiCo Beverages - Pepsi soft drinks, Mountain Dew, Tropicana and others, main sector of the company. In almost all, sales have grown thanks to the public catering that opened after the quarantine, where PepsiCo drinks are sold, - revenue increased by twenty-four percent.
PepsiCo does not share sales in other regions. In Latin America, revenue and organic sales added 26 and sixteen percent; in Europe — 21 and fifteen percent; in Africa, in the Middle East and South Asia - 63 and fifteen percent; in the Asia-Pacific region and the PRC - 41 and six percent.
Forecast. In line with company forecasts, Organic sales will increase by six percent in 2021. PepsiCo said, that the circulating share acquisition program for 2021 has been completed, because by the end of the year there will be no buyback.
Increasing product prices. PepsiCo increased organic sales and by increasing the prices of its products. As the head of the company Ramon Laguarta emphasized, component costs, transportation and labor force increased. CFO Hugh Johnston said, that PepsiCo will continue to raise prices after Labor Day, 6 September.
Growth of shares and dividends. After the report, PepsiCo shares rose by 2,3%, to 153 $. Since the beginning of the year, securities have added 6%. Company 49 increases dividends for years in a row and is included in the list of dividend aristocrats. Годовая доходность — 2,8%.
Revenue in the second quarter, million dollars
| 2020 | 2021 | The change | |
|---|---|---|---|
| Frito-Lay | 4273 | 4552 | 7% |
| Quaker Foods | 664 | 575 | −13% |
| PepsiCo Beverages | 4970 | 6156 | 24% |
| Latin America | 1567 | 1967 | 26% |
| Europe | 2725 | 3286 | 21% |
| Africa, Middle East and South Asia | 983 | 1602 | 63% |
| Asia-Pacific and China | 763 | 1079 | 41% |
| Total | 15 945 | 19 217 | 21% |
Frito-Lay
2020
4273
2021
4552
The change
7%
Quaker Foods
2020
664
2021
575
The change
−13%
PepsiCo Beverages
2020
4970
2021
6156
The change
24%
Latin America
2020
1567
2021
1967
The change
26%
Europe
2020
2725
2021
3286
The change
21%
Africa, Middle East and South Asia
2020
983
2021
1602
The change
63%
Asia-Pacific and China
2020
763
2021
1079
The change
41%
Total
2020
15 945
2021
19 217
The change
21%
Components of organic sales growth
| Volume | Price | Total | |
|---|---|---|---|
| Frito-Lay | 2% | 4% | 6% |
| Quaker Foods | −20% | 6% | −14% |
| PepsiCo Beverages | 16% | 4,5% | 21% |
| Latin America | 4% | 12% | 16% |
| Europe | 10% | 5% | 15% |
| Africa, Middle East and South Asia | 7% | 8% | 15% |
| Asia-Pacific and China | 4% | 2% | 6% |
| Total | 7% | 5% | 13% |
Frito-Lay
Volume
2%
Price
4%
Total
6%
Quaker Foods
Volume
−20%
Price
6%
Total
−14%
PepsiCo Beverages
Volume
16%
Price
4,5%
Total
21%
Latin America
Volume
4%
Price
12%
Total
16%
Europe
Volume
10%
Price
5%
Total
15%
Africa, Middle East and South Asia
Volume
7%
Price
8%
Total
15%
Asia-Pacific and China
Volume
4%
Price
2%
Total
6%
Total
Volume
7%
Price
5%
Total
13%
