PepsiCo Full Year 2024 Earnings: EPS Misses Expectations

PepsiCo (NASDAQ:PEP) Full Year 2024 Results

Key Financial Results

• Revenue: US$91.9b (flat on FY 2023).
• Net income: US$9.58b (up 5.6% from FY 2023).
• Profit margin: 10% (in line with FY 2023).
• EPS: US$6.98 (up from US$6.59 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

PepsiCo EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.9%.

The primary driver behind last 12 months revenue was the Pepsi Co Beverages North America segment contributing a total revenue of US$27.8b (30% of total revenue). The largest operating expense was Sales & Marketing costs, amounting to US$21.9b (54% of total expenses). Explore how PEP's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Beverage industry in the US.

Performance of the American Beverage industry.

The company's shares are down 3.1% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with PepsiCo.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.