From RTTNews:

PepsiCo Inc. reported a surge in fourth-quarter net income to $1.30 billion or $0.94 per share, up from $518 million or $0.37 per share last year. Core earnings were $1.78 per share, surpassing analysts’ expectations of $1.72 per share. However, net revenue dipped 0.5 percent to $27.85 billion, missing the expected $28.40 billion. Organic revenue growth was 4.5 percent. Looking ahead to fiscal 2024, PepsiCo projects core constant currency earnings per share growth of at least 7 percent and a 4 percent organic revenue growth. The company also announced a 7 percent increase in its annualized dividend to $5.42 per share and plans to repurchase approximately $1 billion worth of shares. For more earnings news, visit rttnews.com.



Read more: PepsiCo Q4 Profit Soars, Tops Estimates; Boosts Dividend 7%