From Nasdaq: 2024-04-24 21:00:00

PepsiCo’s first quarter earnings report for 2024 showcased resilience and strategic adaptation, with net revenue of $18.25 billion, a 2.3% increase, and GAAP EPS reaching $1.48, showing a 6% rise compared to the previous year. Analysts are now questioning PepsiCo’s ability to sustain growth amidst evolving consumer preferences and market competition.

PepsiCo’s performance by segment varied, with international markets like Latin America and APAC driving growth, while North American segments faced challenges. Despite setbacks in the Quaker Foods segment due to recalls, PepsiCo remains positive for 2024, projecting organic revenue growth of at least 4% and core EPS growth of at least 8%.

The global beverage and snack industry is evolving, with a shift towards healthier and sustainable products driving innovation. Online shopping trends are also impacting distribution strategies. PepsiCo faces competition from industry players like Coca-Cola, Mondelez International, and Kellogg’s, who are also focusing on innovation and market expansion.

PepsiCo’s sustainability initiative “pep+” emphasizes regenerative farming practices, sustainable packaging, and healthier product options. This initiative demonstrates PepsiCo’s commitment to creating long-term value for shareholders and society, aligning business practices with sustainability principles for enhanced brand reputation and consumer loyalty.



Read more at Nasdaq:: PepsiCo: Popping Performance and Refreshing Returns