PepsiCo Earnings Beat Estimates; Revenue Falls Sho…
From Financial Modeling Prep: 2024-10-08 06:16:25
PepsiCo’s earnings report shows a mixed performance, with EPS of $2.09 beating expectations by $0.02. Cost management and product diversification contributed to this success. However, revenue fell short at $21.22 billion, raising concerns about growth. Factors like changing consumer behavior and supply chain issues may have impacted sales. Investors should consider the earnings resilience and cautious outlook on revenue. Monitoring market trends is crucial.
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