Pepsico (NYSE: PEP) reported earnings on April 18. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 23 (Q1), Pepsico met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded slightly. Non-GAAP earnings per share grew. GAAP earnings per share shrank slightly.

Gross margins grew, operating margins dropped, net margins contracted.

Revenue details
Pepsico tallied revenue of $12.58 billion. The 12 analysts polled by S&P Capital IQ foresaw a top line of $12.52 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.77. The 15 earnings estimates compiled by S&P Capital IQ predicted $0.70 per share. Non-GAAP EPS of $0.77 for Q1 were 12% higher than the prior-year quarter's $0.69 per share. GAAP EPS of $0.69 for Q1 were 2.8% lower than the prior-year quarter's $0.71 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 53.6%, 100 basis points better than the prior-year quarter. Operating margin was 13.2%, 90 basis points worse than the prior-year quarter. Net margin was 8.5%, 60 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $17.06 billion. On the bottom line, the average EPS estimate is $1.21.

Next year's average estimate for revenue is $67.90 billion. The average EPS estimate is $4.39.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 4,390 members out of 4,546 rating the stock outperform, and 156 members rating it underperform. Among 1,278 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,245 give Pepsico a green thumbs-up, and 33 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Pepsico is outperform, with an average price target of $79.15.

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