- PepsiCo’s Core Earnings Per Share (EPS) for the third quarter is $2.31, surpassing last year’s $2.25 and slightly above the estimate of $2.30.
- Net revenue for the quarter stands at $23.32 billion, which is a 0.6% drop from last year and falls short of the $23.8 billion estimate.
- Frito-Lay North America reported $5.89 billion in revenue, down 1.1% year-over-year, slightly below the $5.95 billion estimate.
- Quaker Foods North America saw a significant revenue decline to $648 million, a 13% decrease compared to the previous year, missing estimates of $672 million.
- PepsiCo Beverages North America achieved $7.18 billion in revenue, slightly higher than last year’s $7.16 billion but below the estimated $7.28 billion.
- Revenue in Europe increased by 6.5% year-over-year to $3.95 billion, surpassing the estimate of $3.93 billion.
- Latin America’s revenue decreased by 4.6% to $2.92 billion, not meeting the $3.11 billion estimate.
- Africa, Middle East & South Asia revenue dropped 3.9% to $1.55 billion, below the $1.68 billion estimate.
- Asia Pacific, Australia, New Zealand & China reported a 1.8% drop in revenue to $1.20 billion, short of the $1.23 billion estimate.
- Organic revenue growth was 1.3%, significantly below the previous year’s 8.8% and below the 3% estimate.
- PepsiCo maintains its forecast for core EPS at least at $8.15, aligning with the market estimate of $8.14.
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Pepsico Inc on Smartkarma
Analyst coverage on Smartkarma for PepsiCo Inc by Baptista Research dives deep into the company’s recent earnings reports and future prospects. In their report titled “PepsiCo Inc.: What Are The Challenges Responsible For Their Moderated Guidance? – Major Drivers,” Baptista Research highlights the complex landscape facing PepsiCo in 2024. The report discusses strategic adjustments, consumer behavior trends, and challenges in the US market. It emphasizes the company’s resilience while pointing out areas needing attention. Baptista Research aims to evaluate various factors influencing PepsiCo’s stock price, utilizing a Discounted Cash Flow (DCF) methodology for independent valuation.
Further, in their analysis “PepsiCo Inc.: These Are The 6 Fundamental Factors Driving Its Performance in 2024 & Beyond! – Financial Forecasts,” Baptista Research notes the steady growth and improvement shown in PepsiCo’s Q1 2024 earnings. The report underscores the company’s positive performance across different business areas and its strong international presence. While highlighting the leadership’s optimistic tone, the report also acknowledges challenges faced during the fiscal quarter. Baptista Research‘s coverage provides valuable insights for investors looking to understand PepsiCo’s performance and future outlook.
A look at Pepsico Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Considering the Smartkarma Smart Scores for Pepsico Inc, the company showcases a solid performance in several key areas. With a high Dividend score of 4 and a noteworthy Momentum score of 4, Pepsico Inc stands out for its consistent payouts to shareholders and strong market momentum. These factors indicate stability and investor appeal in the long run.
However, the company’s Value and Resilience scores are comparatively lower at 2 each, suggesting potential room for improvement in terms of value proposition and ability to withstand market challenges. The moderate Growth score of 3 reflects an average growth outlook for the company. Overall, Pepsico Inc‘s diversified portfolio in beverage, snack, and food sectors positions it well for sustained growth and shareholder returns.
Disclaimer: This article by Smartkarma is general in nature and 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. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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