He gave members insight into what he was watching ahead of the earnings, which were released early Thursday, Feb. 13.
PepsiCo said earnings for the three months ending in December came in at $1.45 per share, a penny ahead of the Street consensus forecast. Revenues fell 9.75% from last year but topped analyst estimates of $20.64 billion.
The company reported Frito-Lay profits rose 3% from last year, alongside a 3% growth rate for revenues, while North American Beverages profits rose 5%.
“We are pleased with our performance for 2019 as we met or exceeded each of the financial goals we outlined at the beginning of the year. Our revenue growth accelerated for the full year as we embarked on our strategy to win with purpose by becoming Faster, Stronger, and Better," said CEO Ramon Laguarta.
"We increased brand support to become more locally relevant and consumer-centric, we strengthened our go-to-market execution to enhance our customer relationships, and we embraced a new set of initiatives to help build a more sustainable food system.
Watch the video above to see what Jim Cramer told members to watch before PepsiCo reported earnings.
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