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DAILY EARNINGS

The Simply Good Foods Jumps, PepsiCo Net Declines


Author: Mukesh Buch
ticker.com
Last Update: 1:10 PM EDT July 10 2018

11:45 PM New York – PepsiCo second-quarter net declined 14% to $1.8 billion and revenues increased 2% to $16 billion. The Simply Good Foods third-quarter net more than doubled to $7 million and revenues jumped 11%.

Tollbooth Index increased 67.94 or 0.4% to 15,363.54 but for the year-to-date soared 11.7%.

Earnings Review

AAR Corp (AIR), the aviation services provider schedule to release its fourth-quarter earnings results after market close.

PepsiCo, Inc (PEP), the non-alcoholic beverages and snacks manufacturer reported net revenues in the second-quarter ending on June 16 increased 2% from a year ago to $16.1 billion.

Net income in the quarter declined 14% to $1.8 billion or $1.28 per diluted share from $2.1 billion or $1.46 in the same quarter last year.

PepsiCo reaffirmed fiscal 2018 revenue growth of about 2.3% and earnings per share to jump 9% to $5.70 from a year ago period and total cash returns to shareholders of about $7 billion.

“The majority of our businesses performed very well, particularly our international divisions propelled by continued growth in developing and emerging markets,” said chairman and chief executive officer Indra Nooyi.

The Simply Good Foods Company (SMPL), the branded nutritional foods and snacking products maker said net sales in the third-quarter ending on May 26 jumped 11.1% from a year ago to $107.2 million.

Net income in the quarter more than doubled to $7.4 million or 10 cents per diluted share from the same quarter last year.

Simply Good Foods forecasted fiscal 2018 operating profit will be slightly lower than net sales growth.

WD-40 Company (WDFC), the lubricants and cleaning products maker’s scheduled fourth-quarter earnings results after market close.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc