earnings
confidence high
sentiment positive
materiality 0.75
PepsiCo Q2 core EPS $2.28 (+10% cc); organic revenue +1.9%; guidance tweaked
PEPSICO INC
2024-Q2 EPS reported
$3.71
revenue$40,751,000,000
- Q2 reported EPS $2.23 (+13%); core EPS $2.28 (+10% constant currency); net revenue +0.8% (organic +1.9%).
- Full-year organic revenue growth guidance revised to approx. 4% (from at least 4%); core constant currency EPS growth reaffirmed at least 8%.
- Quaker Foods North America product recall weighed on results; management plans productivity investments and disciplined commercial spending.
- Foreign exchange negatively impacted net revenue by 1% and EPS by 1% in Q2; margins expanded strongly.