Reported Q: Q1 2024 Rev YoY: +2.3% EPS YoY: +6.4% Move: -2.36%
PepsiCo Inc
PEP
$166.47 -2.36%
Exchange NASDAQ Sector Consumer Defensive Industry Beverages NonAlcoholic
Q1 2024
Published: Apr 23, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for PEP

Reported

Report Date

Apr 23, 2024

Quarter Q1 2024

Revenue

18.25B

YoY: +2.3%

EPS

1.48

YoY: +6.4%

Market Move

-2.36%

Previous quarter: Q4 2023

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Earnings Highlights

  • Revenue of $18.25B up 2.3% year-over-year
  • EPS of $1.48 increased by 6.4% from previous year
  • Gross margin of 54.8%
  • Net income of 2.04B
  • ""Our international business is already $36 billion and it's growing at a very high single-digit level with very good profitability."" - Ramon Laguarta
PEP
PepsiCo Inc

Executive Summary

In the first quarter of 2024, PepsiCo Inc reported robust international growth with revenues reaching $18.25 billion, marking a 2.26% increase year-over-year. Notably, the company's operating income improved by 3.35% to $2.72 billion, demonstrating strong operational efficiency. Despite challenges in domestic markets, particularly in the U.S., where consumer spending remains cautious, the management's focus on expanding international markets and product innovations has positioned PepsiCo for sustained growth. CEO Ramon Laguarta expressed confidence in the resilience of their international businesses, emphasizing strategic investments and innovation to adapt to local markets. This quarter's results reflect the impact of both pricing strategies and cost management practices, which are critical to navigating ongoing inflation issues.

Key Performance Indicators

Revenue
Increasing
18.25B
QoQ: -34.47% | YoY: 2.26%
Gross Profit
Increasing
10.00B
54.81% margin
QoQ: -32.20% | YoY: 1.46%
Operating Income
Increasing
2.72B
QoQ: 61.44% | YoY: 3.35%
Net Income
Increasing
2.04B
QoQ: 56.84% | YoY: 5.69%
EPS
Increasing
1.49
QoQ: 56.84% | YoY: 6.43%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q4 2024 27,784.00 1.11 -0.2% View
Q3 2024 23,319.00 2.13 -0.6% View
Q2 2024 22,501.00 2.23 +0.8% View
Q1 2024 18,250.00 1.48 +2.3% View
Q4 2023 27,850.00 0.94 -0.5% View