PepsiCo (PEP) Q3 2024 earnings

[Author 0]

PepsiCo (PEP) Q3 2024 earnings

PepsiCo (PEP) Q3 2024 earnings

A truck with Pepsi logo on a semitrailer is seen at Interstate 95 highway in Maryland, United States, on October 21, 2022.

Beata Zawrzel | Nurphoto | Getty Images

PepsiCo on Tuesday lowered its full-year outlook for organic revenue after its second straight quarter of weaker-than-expected sales.

Shares of the company fell 1% in premarket trading.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:

Earnings per share: $2.31 adjusted vs. $2.29 expectedRevenue: $23.32 billion vs. $23.76 billion expected

Pepsi reported third-quarter net income attributable to the company of $2.93 billion, or $2.13 per share, down from $3.09 billion, or $2.24 per share, a year earlier.

Excluding items, the company earned $2.31 per share.

Net sales fell 0.6% to $23.32 billion.

Source link

#PepsiCo #PEP #earnings

Pelican News

Source Link