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08.10.2024

Company news: PepsiCo (PEP) posts mixed quarterly results

PepsiCo (PEP) reported Q3 FY2024 earnings of $2.31 per share (versus $2.25 per share in Q3 FY2023), beating analysts’ consensus estimate of $2.29 per share.

The company’s quarterly revenues amounted to $23.319 bln (-0.6% y/y), missing analysts’ consensus estimate of $23.860 bln.

PEP fell to $165.46 (-1.05%) in pre-market trading.

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