PepsiCo (PEP) profits Q2 2024 profits

Pepsi bottles with new and former emblems are observed on the grocery retailer in Las Vegas, United States on November 17, 2023.

Jakub Porzycki | Nurphoto | Getty Photographs

PepsiCo reported combined quarterly effects Thursday, harm by way of declining call for in North The usa for its beverages and snacks.

The corporate additionally narrowed its income outlook for the total 12 months.

Stocks of the corporate fell greater than 2% in premarket buying and selling.

Here is what the corporate reported when put next with what Wall Side road used to be anticipating, in accordance with a survey of analysts by way of LSEG:

  • Income in step with proportion: $2.28 adjusted vs. $2.16 anticipated
  • Income: $22.5 billion vs. $22.57 billion anticipated

Pepsi reported second-quarter internet source of revenue resulting from the corporate of $3.08 billion, or $2.23 in step with proportion, up from $2.75 billion, or $1.99 in step with proportion, a 12 months previous.

Except for pieces, the corporate earned $2.28 in step with proportion.

Internet gross sales rose just about 1% to $22.5 billion.

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