---
schema_version: "secwatch.filing_event.v1"
accession: "0000077476-24-000019"
form_type: "8-K"
ticker: "PEP"
cik: "0000077476"
company_name: "PEPSICO INC"
filed_at: "2024-04-23T23:59:59+00:00"
generated_at: "2026-06-03T12:58:09.053095+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# PepsiCo Q1 GAAP EPS $1.48 (+6% YoY); reaffirms FY2024 organic revenue growth ≥4%

## Summary
- GAAP EPS $1.48, up 6% YoY; core EPS $1.61, up 7% constant currency.
- Net revenue grew 2.3% (organic +2.7%); FX headwind of 0.5%.
- Affirms FY2024 guidance: organic revenue growth at least 4%, core constant currency EPS growth at least 8%.
- Announced 7% annualized dividend increase, starting June 2024 payment, 52nd consecutive annual increase.
- International business performed well; some impact from Quaker Foods North America product recalls.

## SEC filing metadata
- accession: 0000077476-24-000019
- form_type: 8-K
- ticker: PEP
- cik: 0000077476
- company_name: PEPSICO INC
- filed_at: 2024-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/77476/000007747624000019/0000077476-24-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/77476/000007747624000019/pep-20240423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000077476-24-000019
- JSON: https://secwatch.observer/filing/0000077476-24-000019.json
- Plain text: https://secwatch.observer/filing/0000077476-24-000019.txt

## Key facts
- Earnings Releases
  PEPSICO INC reported first quarter 2024 results: revenue First-Quarter Net revenue growth 2.3%, EPS $1.48. Guidance reaffirmed.
  - Period: first quarter 2024
  - Revenue: First-Quarter Net revenue growth 2.3%
  - EPS: $1.48
  - Guidance: reaffirmed
  - Result: reported results
  source text: EX-99.1 (EX-99.1) --- PepsiCo Reports First-Quarter 2024 Results; Affirms 2024 Financial Guidance Reported (GAAP) First-Quarter 2024 Results First-Quarter Net revenue growth 2.3% Foreign exchange impact on net revenue (0.5)% Earnings per share (EPS) $1.48 EPS change 6% Foreign exchange impact on EPS —% Organic/Core (non-GAAP) 1 First-Quarter 2024 Results
  evidence_url: https://www.sec.gov/Archives/edgar/data/77476/000007747624000019/0000077476-24-000019-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.