PepsiCo (PEP) Q1 Earnings Beat Estimates With $19.44B Revenue
Published on · Source: cnbc.com
AI Summary
Summarized by AI from the source belowPepsiCo (PEP) reported Q1 earnings of $2.33 billion or $1.70 per share, exceeding expectations of $1.55 per share. Revenue rose to $19.44 billion, surpassing estimates of $18.94 billion, with an 8.5% increase attributed to new product launches and price cuts. The North American food segment experienced a volume growth of 2%, marking its first increase in over two years following a 15% price reduction on key products. For the full year, PepsiCo continues to forecast organic revenue growth of 2% to 4% and core earnings per share increase of 4% to 6%.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About PepsiCo Inc. (PEP)
PepsiCo is a global food-and-beverage company combining its namesake drinks with the Frito-Lay snacks and Quaker foods businesses.
The Consumer Staples sector covers food, beverage and household-goods companies that tend to hold up in any economy.
Earlier PEP news
- Premarket Stock Moves: PepsiCo, TSM, Voyager Technologies, PPG
- PepsiCo (PEP) Reports Positive Impact from Doritos Price Cuts
- Futures Little Changed Post Record Highs for S&P 500 and Nasdaq
- PepsiCo (PEP) Among Top Stocks as Jim Cramer Offers Insights
- Pepsi (PEP) Withdraws UK Wireless Festival Sponsorship Amid Backlash
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