PepsiCo Inc (PEP) Q4 2023 Earnings Report

In Q4 2023, PepsiCo Inc reported a revenue of $27.85 billion, reflecting a decrease of 0.53% year-over-year, while showcasing an 18.75% growth compared to the previous quarter. Challenges such as a food safety recall in the Quaker segment negatively impacted sales performance, particularly in the U.S. market, which recorded a notable slowdown in both food and beverage categories. However, the company's international operations, which account for 40% of total revenue, demonstrated resilience, presenting opportunities for growth despite ongoing global geopolitical pressures. Management remains optimistic, emphasizing a focus on productivity and brand investment as key drivers to stabilize and enhance growth in 2024.