Best Metal and Rock Music Festivals in the USA



pepsi gulf coast jam 2023 :: Article Creator

2024 Gulf Coast Jam With Morgan Wallen, Jelly Roll Already Sold Out

CMT Awards 2023

Jelly Roll performs "Need A Favor" at the CMT Music Awards on Sunday, April 2, 2023, at the Moody Center in Austin, Texas. (Photo by Evan Agostini/Invision/AP)Evan Agostini/Invision/AP

If you were on the fence about going to Panama City Beach for the 2024 Gulf Coast Jam, starring Morgan Wallen and Jelly Roll, you might have blown it: Organizers announced Friday that the festival has sold out, six months ahead of time.

"We are so excited and so thankful for another sellout," said Gulf Coast Jam Chief Operating Officer Mark Sheldon. "We cannot wait to host 30,000 Jammers in beautiful Panama City Beach!"

The 2024 Jam takes place May 30-June 2. Top acts at the four-day, single-stage festival are Wallen, Jelly Roll, Cody Johnson and Parker McCollum. Each day features four or five additional acts; among them are Russell Dickerson, Heartland, Billy Currington, Nate Smith, Deana Carter and Flatland Cavalry.

Jelly Roll is also among the headliners of the 2024 Rock the South fest in Cullman.

Executive Producer Rendy Lovelady, like Sheldon, celebrated the sellout but also warned fans to be wary. "This is the time a lot of scams pop up, and we encourage Jammers to only sell or transfer tickets through our official partners at www.GulfCoastJam.Com."

Organizers say the 2023 Jam drew fans "from all 50 states and 13 foreign countries to the Florida Panhandle."

The festival website lists all tickets in all categories as sold out, including passes set aside for military personnel, first responders and college students. As of Friday morning, a handful of package deals including tickets and accommodations were available. The site does offer a portal to request tickets should any become available for transfer or resale.

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Pricing Gains To Drive PepsiCo's Q1

Pepsi cans are seen at the shop in this illustration photo taken in Krakow, Poland, on March 18, ... [+] 2022. (Photo by Jakub Porzycki/NurPhoto via Getty Images)

NurPhoto via Getty Images

PepsiCo (NYSE: PEP) will report its Q1 2023 results on Tuesday, April 25. We expect PepsiCo PEP to likely report revenue and earnings in line with the consensus estimates. Continued pricing gains will probably drive the company's top-line growth while volume may remain tepid. Also, our forecast indicates that PEP stock is fully valued, as discussed below. Our interactive dashboard analysis of PepsiCo Earnings Preview has additional details.

PEP Quarterly Revenue, EPS, and Stock Price

Trefis

(1) Revenues expected to be in line with the consensus estimates

  • Trefis estimates PepsiCo's Q1 2023 revenues to be around $17.2 billion, reflecting a mid-single-digit y-o-y growth, aligning with the consensus estimate.
  • The company should continue to benefit from better price realizations, although volume growth may remain tepid.
  • Looking at Q4 2022, the company saw its sales rise 11% y-o-y to $28 billion. On an organic basis, sales were up 15%, led by a 16% contribution from pricing gains, while volume was down 2%.
  • Our PepsiCo Revenues dashboard details the company's top-line trajectory and provides details on segments.
  • (2) EPS likely to match the consensus estimates

  • PepsiCo's Q1 2023 adjusted earnings per share is expected to be $1.40 per Trefis analysis, aligning with the consensus estimate of $1.39.
  • The company's adjusted net income of $2.3 billion in Q4 2022 reflected an 8.5% rise from its $2.1 billion figure in the prior-year quarter. The sales growth was partly offset by operating margin contraction.
  • The company's core operating margins contracted 39 bps y-o-y in Q4.
  • Our dashboard on PepsiCo's Operating Income has more details.
  • For the full-year 2023, we expect the adjusted EPS to be higher at $7.30, compared to the $6.79 figure in 2022.
  • (3) PEP stock looks like it is fully valued

  • We estimate PepsiCo's Valuation to be around $187 per share, aligning with the current market price.
  • This represents a forward P/E multiple of 26x for the company based on our 2023 EPS forecast of $7.30, and compares with the last three-year average of 25x.
  • Note: P/E Multiples are based on Share Price at the end of the year and reported (or expected) Adjusted Earnings for the full year

    While PEP stock looks fully valued, it is helpful to see how PepsiCo's Peers fare on metrics that matter. You will find other valuable comparisons for companies across industries at Peer Comparisons.

    Furthermore, the Covid-19 crisis has created many pricing discontinuities which can offer attractive trading opportunities. For example, you'll be surprised at how counter-intuitive the stock valuation is for PepsiCo vs. Corning.

    What if you're looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.

    PEP Return Compared With Trefis Multi-Strategy Portfolio

    Trefis

    Invest with Trefis Market Beating Portfolios

    See all Trefis Price Estimates


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