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PepsiCo logoPepsiCo PEP

PepsiCo said it reported net revenue of $23,319 million for the 12 weeks ended September 7, 2024 ($23,453 million a year earlier) and diluted EPS of $2.13 ($2.24 a year earlier). For the 36 weeks year-to-date, net revenue was $64,070 million and EPS was $5.84.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. PepsiCo said it reported net revenue of $23,319 million for the 12 weeks ended September 7, 2024 ($23,453 million a year earlier) and diluted EPS of $2.13 ($2.24 a year earlier). For the 36 weeks year-to-date, net revenue was $64,070 million and EPS was $5.84.

  2. The company said net revenue at Quaker Foods North America for the 12 weeks was $648 million ($747 million a year earlier), and operating profit was $97 million ($135 million a year earlier). It said the decline in net revenue was affected by the Quaker Recall.

  3. The company said it now expects low-single-digit organic revenue growth for 2024 (previously approximately 4% organic revenue growth). It continues to expect core constant currency EPS growth of at least 8%, the company said.

Summary

AI-written

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. Some paragraphs were omitted because their support in the source could not be confirmed.

PepsiCo 12-Week Net Revenue $23,319 million, Diluted EPS $2.13

PepsiCo said it reported net revenue of $23,319 million for the 12 weeks ended September 7, 2024 ($23,453 million a year earlier) and diluted EPS of $2.13 ($2.24 a year earlier). For the 36 weeks year-to-date, net revenue was $64,070 million and EPS was $5.84.

Source · Based on the filing body and exhibits

Quaker Foods North America 12-Week Results and Recall

The company said net revenue at Quaker Foods North America for the 12 weeks was $648 million ($747 million a year earlier), and operating profit was $97 million ($135 million a year earlier). It said the decline in net revenue was affected by the Quaker Recall.

Source · Based on the filing body and exhibits

2024 Full-Year Guidance Update

The company said it now expects low-single-digit organic revenue growth for 2024 (previously approximately 4% organic revenue growth). It continues to expect core constant currency EPS growth of at least 8%, the company said.

Source · Based on the filing body and exhibits

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.