PepsiCo (PEP) Q4 Earnings Beat Estimates, Revenues Miss

PepsiCo, Inc. (PEP) has reported robust fourth-quarter 2023 results, wherein earnings surpassed the Zacks Consensus Estimate and improved year over year. The top line missed the consensus estimate and declined year over year.The results reflect gains from strength and resilience in its categories, diversified portfolio, modernized supply chain, improved digital capabilities, flexible go-to-market distribution systems, and robust consumer demand trends. However, soft volumes hurt the top line.PEP shares decl ...