PepsiCo, Inc. (NASDAQ: PEP) reported its third quarter 2024 earnings results today.
Net revenue dipped 0.6% to $23.3 billion compared to the same period a year ago. Organic revenue growth was 1.3%.
Net income attributable to PepsiCo was $2.9 billion, or $2.13 per share, compared to $3 billion, or $2.24 per share, last year. Core EPS was $2.31.
Earnings beat expectations while revenue missed estimates.
For fiscal year 2024, the company now expects a low single-digit increase in organic revenue. It continues to expect an at least 8% increase in core constant currency EPS.
The stock dropped over 1% in premarket hours on Tuesday.
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