5 Stocks Making Headlines After Earnings Reports

In this article, we discuss the 5 stocks making headlines after earnings reports. If you want to read our detailed analysis of these companies, go directly to the 10 Stocks Making Headlines After Earnings Reports.   

5. PepsiCo, Inc. (NASDAQ:PEP)

Number of Hedge Fund Holders: 61

PepsiCo, Inc. (NASDAQ:PEP) recently announced better-than-expected financial results for the fourth quarter. However, the New York-based beverage giant warned that rising costs might weigh on its profit in the current fiscal year.

Companies in the packaged food industry, including PepsiCo, Inc. (NASDAQ:PEP), have been grappling with increasing costs amid higher shipping and labor charges as well as pandemic-driven supply chain disruptions.

In response, many companies have increased their product prices to maintain their profit margins. However, some industry experts believe that price hikes alone may not be enough to offset the negative effects of the rising costs.

Coming back to the results, PepsiCo, Inc. (NASDAQ:PEP) reported adjusted earnings of $1.53 per share, just ahead of the consensus forecast of $1.52 per share. Revenue for the quarter jumped 12 percent on a year-over-year basis to $25.25 billion, beating expectations of $24.24 billion. Looking forward, the company expects organic revenue growth of 6 percent for 2022.

PepsiCo, Inc. (NASDAQ:PEP) also released its segment-wise sales performance. Revenue from the Frito-Lay North America segment rose 13 percent, while Quaker Foods North America’s revenue increased 9 percent. In comparison, PepsiCo Beverages North America’s revenue jumped 13 percent in the quarter.