PepsiCo, an American multinational food, snack, and beverage corporation, is now a $226 billion (by market cap) food and beverage beast. PepsiCo has built up more than 20 different billion-dollar brands. PepsiCo has increased its dividend for 52 consecutive years, with a 10-year dividend growth rate of 8.1%.
Part of PepsiCo's business was temporarily halted last quarter by a factory closure. The company has access to a data platform that will allow it to better address cost-conscious consumers.
PepsiCo Inc PEP reported worse-than-expected second-quarter FY24 revenue on Thursday.
PepsiCo NASDAQ: PEP is one of the world's most well-known consumer staples companies. The firm reported Q2 2024 financial results on Jun. 11, 2024.
PepsiCo shares fell after the company revealed the less-than-ideal projections.
Goldman Sachs analyst Bonnie Herzog reiterated a Buy rating on the shares of PepsiCo Inc PEP with a price target of $195.
Rising snack prices might have finally peaked, PepsiCo's CEO said Thursday. Even high-income customers are feeling the impact from years of food inflation, Ramon Laguarta said.
PepsiCo's (PEP) Q2 results reflected improvements in the international business, offset by continued softness in the QFNA segment and soft demand in the North America convenient foods businesses.
While the top- and bottom-line numbers for PepsiCo (PEP) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
PepsiCo (PEP) shares slipped in intraday trading Thursday after the company delivered mixed second-quarter results and lowered its full-year organic growth outlook.
PepsiCo's snack food revenues dipped during its latest quarter as consumers continued to exercise caution. The food and beverage giant released second-quarter earnings results Thursday (July 11) showing revenue growth of 1.9%, down from 13% the same quarter last year.
PepsiCo (PEP) came out with quarterly earnings of $2.28 per share, beating the Zacks Consensus Estimate of $2.15 per share. This compares to earnings of $2.09 per share a year ago.