secwatch.observer — SEC 8-K summary
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Issuer:     PEPSICO INC (PEP)
CIK:        0000077476
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0000077476-24-000019
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/77476/000007747624000019/0000077476-24-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/77476/000007747624000019/pep-20240423.htm
  HTML page:      https://secwatch.observer/filing/0000077476-24-000019

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