PepsiCo (PEP) came out with quarterly earnings of $1.48 per share, missing the Zacks Consensus Estimate of $1.50 per share. This compares to earnings of $1.61 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.33%. A quarter ago, it was expected that this food and beverage company would post earnings of $1.95 per share when it actually produced earnings of $1.96, delivering a surprise of 0.51%.Over the last four quarters, the ...

US stock indices seemed to be heading for a moderately positive start to trading on Thursday, before reports emerged from Japan that dented the market's confidence.  Futures for the S&P 500 were down 0.25% at the time of publication, having been up almost as much the other way an hour earlier. Dow Jones futures were down 0.5% and those for the Nasdaq were 0.3% in arrears.  The spark that hit markets was a report that Japan intends to push back against any US effort to bring it into an economic bloc aligned ...

智通财经4月24日电，百事2025年Q1营收179.2亿美元，市场预期177.67亿美元，去年同期182.5亿美元。 ...

百事公司第一季度核心每股收益1.48美元，上年同期1.61美元，市场预估1.49美元。 第一季度营业利润25.8亿美元，同比下降4.9%，市场预估27.8亿美元 第一季度净营收179.2亿美元，同比下降1.8%，市场预估177.7亿美元 第一季度内生性收入增长1.2％，上年同期增长2.7％，市场预估增长0.53％。 第一季度资本支出6.03亿美元，市场预估6.57亿美元。 百事公司美股盘前跌0.87%。 ...

Bottles of Pepsi soda are displayed in a store on March 17, 2025 in New York City.PepsiCo on Thursday reported mixed quarterly results as its international sales offset weaker demand in North America.The food and beverage giant also cut its forecast for core constant currency earnings per share, citing new tariffs, economic volatility and a more cautious consumer."As we look ahead, we expect more volatility and uncertainty, particularly related to global trade developments, which we expect will increase our ...

Financial Performance - Net revenue for Q1 2025 decreased by 1.8% to $17.919 billion, compared to $18.250 billion in Q1 2024[2][16] - Earnings per share (EPS) reported at $1.33, reflecting a 10% decline from the previous year[2][16] - Organic revenue growth for Q1 2025 was 1.2%, with core EPS at $1.48, down 4% in constant currency[4][12] - Operating profit for Q1 2025 was $2.583 billion, down from $2.717 billion in Q1 2024[16] - The company reported a net income attributable to PepsiCo of $1.834 billion, compared to $2.042 billion in the same quarter last year[16] - Reported net income attributable to PepsiCo for the 12 weeks ended March 22, 2025, was $1.834 billion, with diluted EPS of $1.33 and an effective tax rate of 21.3%[55] - Core, non-GAAP net income for the same period was $2.031 billion, resulting in a diluted EPS of $1.48 and an effective tax rate of 20.4%[55] - Reported Net Revenue for the full year 2024 was $91.854 billion, a decrease of 2% compared to the prior year[103] Revenue Guidance - The company expects low-single-digit organic revenue growth for 2025, with core constant currency EPS projected to be approximately even with the prior year[6][11] - A foreign exchange translation headwind of approximately 3 percentage points is anticipated to negatively impact reported net revenue and core EPS growth[12] - The core constant currency EPS growth guidance for 2025 is projected to exclude the impact of foreign exchange translation, with specific figures not disclosed due to unpredictability[39] Shareholder Returns - Total cash returns to shareholders are expected to be approximately $8.6 billion, including $7.6 billion in dividends and $1.0 billion in share repurchases[14] - The company plans to increase its annualized dividend per share by 5% starting with the June 2025 payment, marking the 53rd consecutive annual increase[6] Asset and Liability Management - Total assets increased to $101.737 billion as of March 22, 2025, up from $99.467 billion on December 28, 2024, representing a growth of 2.55%[22] - Total current liabilities remained stable at $31.511 billion, compared to $31.536 billion in the previous period[22] - Long-term debt obligations rose to $39.419 billion, an increase from $37.224 billion, indicating a 5.9% increase in leverage[22] - The company’s retained earnings were reported at $72.238 billion, slightly down from $72.266 billion, indicating a decrease of 0.04%[22] Cost Management - Reported Gross Profit for the quarter was $9,993 million, with a Gross Margin of 55.8%[47] - Core Gross Profit, a non-GAAP measure, was $9,983 million, reflecting a Gross Margin of 55.7%[47] - Reported Operating Profit was $2,583 million, representing an Operating Margin of 14.4%[47] - Core Operating Profit, non-GAAP measure, reached $2,789 million, with an Operating Margin of 15.6%[47] - The total Reported Cost of Sales was $7,926 million, while the Core Cost of Sales was $7,936 million[47] - Selling, General and Administrative Expenses on a GAAP basis totaled $7,410 million, with Core Expenses at $7,194 million[47] Operational Challenges - PepsiCo is actively planning mitigation actions to address higher supply chain costs while focusing on long-term international business expansion[5][6] - The company experienced a product recall-related impact of $167 million, affecting both Gross and Operating Profit[51] - The company incurred restructuring and impairment charges of $133 million, which included various adjustments across different segments[109] - The impact of product recalls was recorded at $176 million, emphasizing the need for stringent quality control measures[109] Market Trends and Future Outlook - Future guidance indicates a focus on growth in emerging markets, with an emphasis on expanding product offerings and enhancing brand presence[112] - The company aims to leverage new technologies and product innovations to drive market expansion and improve competitive positioning[112] - Risks identified include potential supply chain disruptions and changes in consumer demand, which could affect future performance[112]

PURCHASE, N.Y., April 23, 2025 /PRNewswire/ -- PepsiCo, Inc.'s (NASDAQ: PEP) virtual annual shareholders' meeting (the "Annual Meeting") will be webcast live on Wednesday, May 7, 2025 at 9 a.m. Eastern Daylight Time. The Annual Meeting will be a virtual-only meeting. The virtual meeting and live audio webcast will be accessible at www.virtualshareholdermeeting.com/PEP2025 or through PepsiCo's website at www.pepsico.com in the "Investors" section under "Financial Information – Events & Presentations." As des ...

Group 1: JD vs Meituan Dispute - JD accused competitors of forcing delivery riders to avoid accepting orders from JD, leading to decreased rider income and delayed orders [1] - JD plans to assist riders by increasing full-time recruitment from 50,000 to 100,000 and offering free delivery for orders delayed by over 20 minutes [1] - Meituan responded by denying the allegations, stating that it has never restricted riders from working on other platforms and criticized JD for spreading rumors [1] Group 2: OpenAI's Increased Costs - OpenAI's CEO mentioned that polite phrases like "please" and "thank you" from users have led to an increase in operational costs by tens of millions of dollars [2] - The reliance on large models has resulted in users treating them as colleagues, which adds to the processing burden [2] Group 3: PepsiCo's Challenges - PepsiCo faces challenges due to a 10% import tariff on concentrated liquid sourced from Ireland, which is crucial for its soda production [3] - Coca-Cola, which sources a significant portion of its concentrate domestically, is less affected by these tariffs [3] - Both companies are also impacted by a 25% tariff on imported aluminum, which may lead to increased beverage prices [3] Group 4: OpenAI's Model Issues - OpenAI's new models, o3 and o4-mini, have been reported to exhibit increased hallucinations, leading users to prefer older models [4][5] - The hallucination issue is attributed to over-reliance on result-based reinforcement learning, which prioritizes correct answers over process accuracy [5] Group 5: Buick's New Energy Vehicles - Buick announced the launch of a new vehicle architecture called "Xiaoyao," designed for the Chinese market, which will support various powertrains including pure electric and hybrid [6] - The architecture allows for rapid charging capabilities, with 10 minutes of charging providing an additional 350 kilometers of range [6] - Buick plans to introduce a high-end sub-brand "ELECTRA 至境," with the first model being a million-level MPV expected to launch this year [6] Group 6: Robotics and AI Developments - A humanoid robot completed a half marathon in 2 hours and 40 minutes, showcasing advancements in robotics [7] - The robot's performance was attributed to enhancements in stability and heat resistance [7] Group 7: Global Pistachio Supply Issues - A chocolate product from the UAE gained popularity, leading to a surge in pistachio prices, which increased from $7.65 to $10.30 per pound [8] - Iran plans to increase pistachio exports to the UAE by 40% in the upcoming year [8] Group 8: Gaming Industry Updates - A total of 127 games received approval for new versions, including 118 domestic and 9 imported titles [9][10] Group 9: DHL Shipping Policy Changes - DHL has suspended shipments of goods valued over $800 to the US for individuals, affecting B2C shipments while B2B continues [11] Group 10: Laser Radar Technology Advancements - RoboSense launched a customizable laser radar platform with high-performance specifications, set to be mass-produced this year [12] - Hesai introduced a new laser radar perception solution aimed at L2 to L4 autonomous driving levels [13] Group 11: CATL's R&D Investments - CATL's CEO announced that the company has invested over 70 billion yuan in R&D over the past decade, with a record investment of 18.6 billion yuan planned for 2024 [14] - The company unveiled several new battery technologies, including a lithium iron phosphate battery with a peak charging power exceeding 1.3 megawatts [14] Group 12: GAC and Didi's Autonomous Vehicle Collaboration - GAC Aion and Didi showcased their first L4 autonomous vehicle, which is set for mass production by the end of the year [15]

PepsiCo, Inc. (PEP) is expected to register top and bottom-line declines when it reports first-quarter 2025 numbers on April 24, before the opening bell.The Zacks Consensus Estimate for first-quarter revenues is pegged at $17.8 billion, implying a 2.7% decline from the year-ago quarter's reported figure. For quarterly earnings, the consensus mark is pegged at $1.51, suggesting 6.2% growth from the $1.61 reported in the prior-year quarter. The consensus mark for earnings has moved down 1.3% in the past 30 da ...

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