The company said GAAP net revenue change for the fourth quarter was Q4 (0.5)%, and for the full year 5.9%. EPS was Q4 $0.94, and for the full year $6.56. The EPS change was Q4 152%, and for the full year 2%.

1. 01

   The company said GAAP net revenue change for the fourth quarter was Q4 (0.5)%, and for the full year 5.9%. EPS was Q4 $0.94, and for the full year $6.56. The EPS change was Q4 152%, and for the full year 2%.

2. 02

   PepsiCo said operating profit for Quaker Foods North America fell 79% in Q4, reflecting the 73-percentage-point impact of product returns and charges tied to the Quaker Recall. It also said unit volume, net revenue and operating profit will continue to be negatively affected by the Quaker Recall in 2024.

3. 03

   The company reported net cash provided by operating activities of 13,442 (in millions) for fiscal 2023, compared with 10,811 (in millions) a year earlier. Capital spending was 5,518 (in millions), cash dividends paid were 6,682 (in millions), and common share repurchases were 1,000 (in millions).

4. 04

   The company said it expects organic revenue growth of at least 4% and core constant currency EPS growth of at least 8% for 2024. It also said it will raise its annualized dividend by 7%, from $5.06 to $5.42 per share, and expects share repurchases of $1.0 billion.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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