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PepsiCo reports earnings of $1.61 a share on revenue of $18.3 billion in the first quarter of 2024, beating analysts' expectations.
Beverage behemoth PepsiCo on April 23rd reported a rise in net income and operating profits as earnings rose compared to the previous quarter. Net income for the quarter stood at $2.04 billion, compared with Q1 of 2023's net income of $1.94 billion.
PepsiCo beat Wall Street expectations for first-quarter revenue on Tuesday as demand held steady for the soda and snacks giant's Tropicana juices and Cheetos in its international markets.
PepsiCo (PEP) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Revenue growth has been the key factor that's benefited this company's shareholders. Outsized top-line gains are set to continue, according to Wall Street analysts.
Key Tesla customer PepsiCo made initial payments for 100 Tesla Semis in 2017, intending to use the electric-truck fleet to haul its Cheetos, Lays potato chips and Pepsi soda pop to retailers.
Coca-Cola (NYSE: KO ) and PepsiCo (NASDAQ: PEP ) are the first names that most investors think of when it comes to non-alcoholic beverage stocks. The competition between Coke and Pepsi is intense and cutthroat.
Get a deeper insight into the potential performance of PepsiCo (PEP) for the quarter ended March 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
PepsiCo stock might not beat the market, so some investors might sell and look for higher-upside opportunities. But PepsiCo has little downside and a good dividend, which are good reasons to buy and hold.
PepsiCo (NYSE: PEP) will report its Q1 2024 results on Tuesday, April 23. We expect the company's adjusted revenues to come in at $18.2 billion and earnings at $1.55 on a per share and adjusted basis.