A truck with Pepsi logo on a semitrailer is seen at Interstate 95 highway in Maryland, United States, on October 21, 2022. 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 expected Revenue: $23.32 billion vs. $23 ...

Exhibit 99.1 PepsiCo Reports Third-Quarter 2024 Results; Updates 2024 Financial Guidance Reported (GAAP) Third-Quarter and Year-to-Date 2024 Results | --- | --- | --- | |--------------------------------------------------|---------------|--------------| | | Third-Quarter | Year-to-Date | | Net revenue performance | (0.6)% | 0.7% | | Foreign exchange impact on net revenue | (2)% | (1)% | | Earnings per share (EPS) | $2.13 | $5.84 | | EPS change | (5)% | 4% | | Foreign exchange impact on EPS | (2)% | (1)% | Or ...

Shares of PepsiCo Inc (NASDAQ:PEP) are trading down 0.5% at $167.21 this afternoon, with traders gearing up for the company's third-quarter earnings, which are due out before the open tomorrow, Tuesday, Oct. 8. PEP is eyeing its fourth consecutive daily drop, its latest pullback dragging the shares below the year-to-date breakeven mark. The equity is also trapped below a confluence of key moving averages, with the 10-day pressing sharply overhead. Over the past two years, PEP has tended to outperform after ...

PepsiCo, Inc. PEP will release earnings results for its third quarter, before the opening bell on Tuesday, Oct. 8. Analysts expect the Purchase, New York-based company to report quarterly earnings at $2.29 per share, up from $2.25 per share in the year-ago period. PepsiCo is projected to report revenue of $23.82 billion, up from $23.45 billion, according to data from Benzinga Pro. Some investors may be eyeing potential gains from PepsiCo's dividends. The company currently offers an annual dividend yield of ...

The Q3 earnings season is just around the corner, with the big banks' results coming next Friday. But before we get to them, a consumer staples favorite, PepsiCo (PEP) , is on the reporting docket for next week (Tuesday, October 8) before the market opens. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Let's take a closer look at expectations for the consumer staples titan. PepsiCo Expectations PEP shares have largely been disappointing in 2024, up a modest 1.2% and primarily trad ...

Analyst Estimates for Q3 2024 Q2 2024 Q3 2023 Revenue $23.83 billion $22.5 billion $23.45 billion Diluted EPS $2.28 $2.23 $2.24 Net Income $3.14 billion $3.08 billion $3.09 billion Key Metric: Revenue Outlook Last quarter, PepsiCo lowered its organic revenue growth projection to about 4% for fiscal 2024 compared to 2023, compared to its prior expectation of at least 4%. It was an adjustment "related to specifically the consumer in the U.S.," said PepsiCo CEO Ramon Laguarta. Laguarta said consumers across in ...

PepsiCo, Inc. (NASDAQ: PEP ) is scheduled to release its Q3 earnings on Tuesday, October 8 before the market open. In this article, I investigate the key developments that investors need to watch out for in the Associate Professor in Finance and Corporate Governance at Brunel University London. I am also a CFA charterholder. In addition, I hold a PhD in Finance from University of Durham, U.K. I have six years of investing experience in the Indian and US equities with a medium to long-term horizon. I also ac ...

PepsiCo, Inc. (PEP) is expected to register bottom and top-line growth when it reports third-quarter 2024 numbers on Oct. 8, before the opening bell. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. The Zacks Consensus Estimate for third-quarter revenues is pegged at $23.9 billion, implying 2% growth from the year-ago quarter's reported figure. For quarterly earnings, the consensus mark is pegged at $2.30, suggesting 2.2% growth from the $2.25 reported in the prior-year quarter. The ...

PepsiCo, Inc. (PEP) benefits from strength in core categories, diversified portfolio, modernized supply chain, improved digital capabilities and flexible go-to-market distribution systems. In the latest revelation, the company has agreed to buy Garza Food Ventures LLC, dba Siete Foods (Siete), worth $1.2 billion. More on PEP's Latest Transaction Founded 10 years back, Siete offers Mexican-American food. This deal looks forward to complementing PepsiCo's portfolio by adding this attractive Mexican-American b ...

PepsiCo has revealed plans to acquire Siete Foods, a Mexico-USA based food company, for $1.2 billion. This marks PepsiCo's first acquisition in the food industry in nearly five years. In recent years, PepsiCo has aimed to diversify its product lineup to include healthier options, often through acquisitions. The latest additions to PepsiCo's portfolio include brands such as Bare Snacks, Health Warrior, and PopCorners. Siete Foods will soon join these ranks. Siete Foods was founded by Veronica Garza in 2014, ...