PepsiCo, Inc. (PEP)
PepsiCo cuts outlook as consumers pull back on spending
PepsiCo (PEP) trimmed its 2024 outlook due to North American sales falling short of expectations, raising concerns about the strength of the consumer. Yahoo Finance's Executive Editor Brian Sozzi joins Morning Brief with a recap of his takeaways from the PepsiCo earnings call and what it says about consumer spending.
PepsiCo 'pushed it too far' with 'shrinkflation': Analyst
To discuss the stock's reaction and the broader snack industry landscape, Bank of America Securities senior consumer goods analyst Bryan Spillane joins Morning Brief. Spillane notes that PepsiCo stock has "already underperformed the market" throughout 2024, suggesting that the lackluster results were largely priced into the stock.
PEP Q3 Earnings Beat Estimates, Subdued Category Demand Hurt Sales
PepsiCo's Q3 sales continue to reflect the impacts of subdued category demand and QFNA recall issues, while earnings gain from stringent productivity measures.
Pepsi posts mixed quarterly earnings, lowers sales forecast
PepsiCo Inc (NASDAQ:PEP, ETR:PEP) shares traded higher after it reported mixed quarterly earnings and lowered its full-year revenue forecast. Earnings per share (EPS) of $2.31 narrowly beat estimates of $2.30 while revenue declined by 0.6% to $23.3 billion, below the $23.9 billion Wall Street consensus.
PepsiCo's Mixed Q3 Results: Modest Gains Amid Global Challenges
PepsiCo (PEP +1%) reported mixed Q3 results, leading to a modest increase in its share price. The company, known for its Frito-Lay and Quaker brands, exceeded earnings expectations but missed revenue estimates, showing a slight year-over-year decline when growth was anticipated.
PepsiCo (PEP) Lowers Revenue Forecast Amid Sales Decline and Middle East Boycott
PepsiCo (PEP, Financial) reported a 0.6% decrease in third-quarter revenue to $23.32 billion, falling short of market expectations of $23.76 billion. However, adjusted earnings per share rose by 5% to $2.31, surpassing the anticipated $2.29.
PepsiCo, Inc. (PEP) Q3 2024 Earnings Call Transcript
PepsiCo, Inc. (NASDAQ:PEP ) Q3 2024 Earnings Conference Call October 8, 2024 8:15 AM ET Company Participants Ravi Pamnani - Senior Vice President, Investor Relations Ramon Laguarta - Chairman & Chief Executive Officer Jamie Caulfield - Executive Vice President & Chief Financial Officer Conference Call Participants Lauren Lieberman - Barclays Bryan Spillane - BofA Kaumil Gajrawala - Jefferies Dara Mohsenian - Morgan Stanley Filippo Falorni - Citi Peter Grom - UBS Robert Moskow - TD Cowen Steve Powers - Deutsche Bank Andrea Teixeira - JPMorgan Chris Carey - Wells Fargo Securities Robert Ottenstein - Evercore ISI Kevin Grundy - BNP Paribas Operator Good morning, and welcome to PepsiCo's 2024 Third Quarter Earnings Question-and-Answer Session. Your lines have been placed on listen-only until it is your turn to ask the question.
PepsiCo (PEP) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
The headline numbers for PepsiCo (PEP) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
PepsiCo (PEP) Shares Rise Despite Q3 Revenue Miss
PepsiCo (PEP, Financial) saw its stock rise over 1%, closing at $168.97. The company's third-quarter revenue fell 0.6% year over year to $23.32 billion, missing the market expectation of $23.76 billion.
PEP Cuts Guidance Off Revenue Miss, QCOM & AXP Downgrades
PepsiCo (PEP) trading is mixed Tuesday morning after the company lowered its full-year revenue guidance. Qualcomm (QCOM) slipped after getting a downgrade, as did American Express (AXP) following downgrades from BTIG and HSBC.
This Is the Entry Into PepsiCo You've Been Waiting For
Investors looking to enter PepsiCo NASDAQ: PEP stock or build on existing positions should rejoice. The FQ3 2024 earnings report was weaker than expected, causing the stock price to dip.
US Stocks Edge Higher; PepsiCo Cuts 2024 Revenue Outlook
U.S. stocks traded higher this morning, with the Nasdaq Composite gaining around 0.5% on Tuesday.
