PepsiCo Reports a Solid Quarter, and Here's My Plan These results were in fact excellent when considering the inconsistency of pandemic induced economic shutdowns and several other factors. Stocks quotes in this article: PEP Long time Sarge holding PepsiCo (PEP) reported first quarter financial results on Thursday morning. The results, in my opinion, were good under normal conditions... These results were in fact excellent when considering the inconsistency of pandemic induced economic shutdowns around the world, severe weather conditions during the period across parts of the U.S., and the severe logistical logjams present at many ports globally. For the period, PepsiCo posted adjusted EPS of $1.21, easily beating expectations. Revenue generation came to $14.82 billion, up 6.8% year over year, and also better than projected. Net income came to $1.71 billion, up from $1.34 billion a year ago, and good enough for GAAP EPS of $1.24. Clearly there were no adjustments made for anything other than legitimate purposes.