PepsiCo earned 8,277 million in 2022 (+17%), will raise the dividend by 10% and repurchase shares for 929 million
MADRID, 9 (EUROPA PRESS)
PepsiCo recorded net attributable profits of 8,910 million dollars (8,277 million euros) in the whole of 2022, which translates into an improvement of 17% compared to the profits of 7,618 million dollars (7,077 million euros) of 2021, as reported by the American beverage and snack company.
Revenues, on the other hand, stood at 86,392 million dollars (80,258 million euros), and represent an increase of 8.7% compared to the turnover of 79,474 million dollars (73,831 million euros) of the previous year. .
At the same time, production, sales, general and administrative costs grew from 73,636 million dollars (68,408 million euros) to 80,275 million dollars (74,575 million euros), 8.8% more.
However, in the fourth quarter of the year, net profit fell to 518 million dollars (481.2 million euros), compared to the positive balance of 1,322 million dollars (1,228 million euros) a year earlier, a 60.8% less year-on-year due to the greater advance in expenses.
For its part, quarterly revenues were 27,996 million dollars (26,008 million euros), which is equivalent to an increase of 10.9% compared to the turnover of 25,248 million dollars (23,455 million euros) in 2021.
“We are pleased with our full-year and fourth-quarter results due to the resilience of the business and being able to record another year of solid growth,” said Ramón Laguarta, PepsiCo’s president and CEO.
10% INCREASE IN THE DIVIDEND
Looking ahead to 2023, PepsiCo forecasts revenue growth of 6%. In addition, dividends per share will increase by 10%, from $4.6 (4.27 euros) to $5.06 (4.7 euros). The company will pay them next June in what will be the fifty-first consecutive increase in dividends.
Likewise, the multinational has announced a share repurchase plan worth 1,000 million dollars (929 million euros).
