The same analysts expect Pepsi’s arch-rival Coca-Cola Co. KO, +1.31% to report earnings of 50 cents a share on sales of $11.6 billion in the third quarter. Coca-Cola is scheduled to report third-quarter results on Oct 21.
Revenue: Pepsi sales are expected to reach $16.18 billion in the quarter, led by the company’s Americas beverage division (sales of $5.2 billion), the FactSet analysts say. A year ago, Pepsi sold $17.22 billion worth of beverages and foods, and the Americas unit sold $5.38 billion.
Earnings: Pepsi is expected to report adjusted earnings of $1.27 a share in the quarter, according to analysts polled by FactSet. That’s down from $1.36 a share a year earlier.
Some say, however, PepsiCo will make up for that in productivity gains and with the support of its strong snack business. In addition to its namesake soda, PepsiCo is the maker of Doritos, Cheetos, Ruffles and other salty snacks, as well as Quaker oatmeal.
Wall Street is betting on earnings and sales declines year-on-year for the beverage and snack giant. PepsiCo PEP, +1.65% and other major beverage companies continue to feel the pinch of a stronger dollar, and even more so in recent months as the U.S. currency strengthened relative to other currencies, particularly versus emerging-markets denominations.