Company news: PepsiCo (PEP) quarterly earnings beat analysts’ forecasts

PepsiCo (PEP) reported Q2 FY2024 earnings of $2.28 per share (versus $2.09 per share in Q2 FY2023), beating analysts’ consensus estimate of $2.16 per share.

The company’s quarterly revenues amounted to $22.501 bln (+0.8% y/y), marginally missing analysts’ consensus estimate of $22.618 bln.

The company also reaffirmed guidance for FY2024, seeing EPS of at least $8.15 versus analysts’ consensus estimate of $8.16.

PEP fell to $160.21 (-2.07%) in pre-market trading.