PepsiCo Inc (PEP)
24 Jan 2017
Latest Key Developments (Source: Significant Developments)
Senomyx: Entered letter agreement with pepsico, inc. To extend research period under collaborative research and development,license agreement dated aug 16, 2010 . To extend the research period under agreement with pepsico for an additional forty-five days, through september 30, 2016 Source - http://bit.ly/2a82s0M (Bengaluru Newsroom; +1 646 223 8780). Full Article
Pepsico Inc : Q2 earnings per share $1.38; q2 core earnings per share $1.35; q2 net revenue $15.4 billion, down 3.3 percent . Q2 earnings per share view $1.30, revenue view $15.37 billion -- Thomson Reuters I/B/E/S . Says Raising Full Year core constant currency eps growth objective . Pepsico inc sees 2016 core earnings per share $4.71 . Pepsico inc sees about 4 percent organic revenue growth in 2016, excluding impact of 53rd week and other items . Fy2016 earnings per share view $4.73, revenue view $62.78 billion -- Thomson Reuters I/B/E/S . Pepsico inc says foreign exchange translation to negatively impact 2016 reported net revenue growth by 4 percent points . Pepsico inc says 53rd week of 2016 to contribute approximately 1 percentage point to reported net revenue growth . Pepsico inc says continues to expect 2016 productivity savings of about $1 billion, net capital spending of about $3 billion .Pepsico inc says continues to expect to return a total of about $7 billion to shareholders in 2016. Full Article
Quaker Oats Company: Co, a subsidiary of Pepsico Inc, announced a second voluntary recall of all Quaker Quinoa granola bars . Second voluntary recall as a result of further sunflower kernel contamination found by ingredient supplier Sunopta .Is working closely with Food and Drug Administration and Sunopta to further investigate the issue, ensure it has been contained. Full Article
Quaker Canada: Recalling quaker harvest brand quinoa granola bars from the marketplace due to possible listeria monocytogenes contamination . There have been no reported illnesses associated with the consumption of quaker harvest brand quinoa granola bars (Bengaluru Newsroom: +1 646 223 8780). Full Article
Coca-Cola Co and the American Beverage Association trade group were sued on Wednesday for allegedly misleading consumers about the health risks from consuming sugary beverages.