.July 11, 2024 04:02:00 PM

PepsiCo (NASDAQ:PEP) beat Q2 EPS expectations at $2.28, above the projected $2.16. However, revenue fell short at $22.5 billion, missing the $22.66 billion estimate. Frito-Lay NA revenue was $5.87 billion, below the $5.94 billion estimate. Quaker Foods NA reported $561 million, down 18% YoY. PepsiCo Beverages NA revenue was $6.81 billion, slightly up from last year but below the $6.86 billion estimate. For 2024, PepsiCo projects an EPS of $8.15, exceeding the $8.13 estimate, with revenue of $94.31 billion, surpassing the $91.06 billion estimate. Organic revenue growth forecast was revised to approximately 4%.

In Q2, PepsiCo (NASDAQ:PEP) exceeded analyst expectations with an EPS of $2.28, above the projected $2.16. However, revenue fell slightly short at $22.5 billion, missing the $22.66 billion estimate. Frito-Lay NA revenue was $5.87 billion, below the $5.94 billion estimate. Quaker Foods NA reported $561 million, down 18% YoY. PepsiCo Beverages NA revenue was $6.81 billion, slightly up from last year but below the $6.86 billion estimate. For 2024, PepsiCo projects an EPS of $8.15, exceeding the $8.13 estimate, with revenue of $94.31 billion, surpassing the $91.06 billion estimate. Organic revenue growth forecast was revised to approximately 4%.