Pepsico (NYSE: PEP) reported earnings on July 24. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 15 (Q2), Pepsico met expectations on revenues and beat expectations on earnings per share.

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

Margins grew across the board.

Revenue details
Pepsico booked revenue of $16.81 billion. The 14 analysts polled by S&P Capital IQ wanted to see net sales of $16.80 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 $1.31. The 18 earnings estimates compiled by S&P Capital IQ averaged $1.19 per share. Non-GAAP EPS of $1.31 for Q2 were 17% higher than the prior-year quarter's $1.12 per share. GAAP EPS of $1.28 for Q2 were 36% higher than the prior-year quarter's $0.94 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 53.0%, 110 basis points better than the prior-year quarter. Operating margin was 17.1%, 220 basis points better than the prior-year quarter. Net margin was 12.0%, 300 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $17.32 billion. On the bottom line, the average EPS estimate is $1.27.

Next year's average estimate for revenue is $67.57 billion. The average EPS estimate is $4.40.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 4,386 members out of 4,538 rating the stock outperform, and 152 members rating it underperform. Among 1,234 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,205 give Pepsico a green thumbs-up, and 29 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 $86.62.

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