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PepsiCo Inc (NASDAQ:PEP) shares are trading lower after the company reported mixed third-quarter results and lowered its 2024 organic revenue guidance. The company reported a third-quarter net ...
PepsiCo's quarterly revenue growth — which had frequently grown by double-digits in recent years — has slowed sharply in the last few quarters. Net income fell 5% to $2.9 billion, or $2.13 per share. Adjusted for one-time items, PepsiCo earned $2.31 per share, which was higher than the $2.29 per share analysts were expecting.
PepsiCo's third-quarter organic revenue rose 9%, 5-percentage points of which came from selling higher-priced products. Costs were up over 10%, driven by higher expenditure on distribution and ...
The Pepsi Bottling Group, Inc. was the world's largest bottler of Pepsi-Cola beverages. PBG sales of Pepsi-Cola beverages accounted for more than one-half of the Pepsi-Cola beverages sold in the United States and Canada and about 40 percent worldwide.
PepsiCo is the second-largest food and beverage business in the world based on net revenue, profit, and market capitalization, behind Nestlé. In 2023, the company's seat in Forbes Global 2000 was 82. [4] PepsiCo's flagship product, Pepsi Cola, has been engaged in a rivalry for generations with Coca-Cola; it is commonly referred to as the cola ...
Food and beverage giant PepsiCo has been one of the world's largest companies for decades. Second this year globally to only Nestle, PepsiCo is the largest food and beverage company in North ...
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PepsiCo now expects 4% organic revenue growth for the full year; previously, the company had forecast organic revenue growth of “at least” 4%. PepsiCo shares slipped 2% in morning trading ...