Categories AlphaGraphs, Consumer, Earnings

PEP Earnings: All you need to know about PepsiCo’s Q4 2023 earnings results

PepsiCo Inc. (NASDAQ: PEP) reported fourth quarter 2023 earnings results today.

Net revenue remained relatively unchanged from the prior-year period at $27.8 billion. Organic revenues grew 4.5%.

Net income attributable to PepsiCo was $1.30 billion, or $0.94 per share, compared to $518 million, or $0.37 per share, last year. Core EPS amounted to $1.78.

Earnings beat estimates but revenue fell short.

For fiscal year 2024, the company expects at least a 4% increase in organic revenue and at least an 8% increase in core constant currency EPS.

The stock dropped over 2% in premarket hours on Friday, following the announcement.  

Prior performance

Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.

Most Popular

HPE Earnings: Hewlett Packard Q1 2024 profit drops but beats Street view

Information technology solutions provider Hewlett Packard Enterprise (NYSE: HPE) on Thursday reported lower earnings and revenues for the first quarter of 2024. Earnings, however, exceeded analysts’ forecasts. First-quarter profit, excluding

After entering FY24 on a high note, Costco is all set to report Q2 results

Costco Wholesale Corporation (NASDAQ: COST) stands out in the retail space for its unique business model that enables the warehouse behemoth to grow store traffic and market share constantly. Currently,

Hormel (HRL) expects continued momentum from its foodservice business in FY2024

Shares of Hormel Foods Corporation (NYSE: HRL) soared over 13% on Thursday after the company delivered better-than-expected earnings results for the first quarter of 2024 and reaffirmed its outlook for

Add Comment
Viewing Highlight