PepsiCo (PEP) Q4 2023 quarterly earnings

0 2

Bottles of Pepsi are seen at the grocery store in Las Vegas, United States on November 17, 2023.

Jakub Porzycki Nurphoto | Getty Images

PepsiCo on Friday they reported mixed quarterly results as North American demand for its food and beverages weakened.

The company’s shares fell more than 1% in premarket trading.

Here’s how the company compared to Wall Street expectations, based on a survey of analysts by Refinitiv:

  • Earnings per share: $1.78 adjusted vs. $1.72 expected
  • Revenue: $27.85 billion vs $28.4 billion expected

Pepsi reported fourth-quarter net income of $1.3 billion, or 94 cents per share, up from $518 million, or 37 cents per share, a year earlier.

Excluding items, the food and beverage giant earned $1.78 per share.

Net sales fell 0.5% to $27.85 billion.

Leave A Reply

Your email address will not be published.