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PepsiCo logoPepsiCo PEP

The company reported fourth-quarter net revenue of 27,784 million and earnings per share (EPS) of $1.11, and full-year net revenue of 91,854 million and EPS of $6.95. Fourth-quarter EPS change was 17% and full-year 6%.

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

Key points

AI summary
  1. The company reported fourth-quarter net revenue of 27,784 million and earnings per share (EPS) of $1.11, and full-year net revenue of 91,854 million and EPS of $6.95. Fourth-quarter EPS change was 17% and full-year 6%.

  2. PepsiCo said full-year net revenue at Quaker Foods North America declined 14%, affected by the Quaker Recall. Full-year operating profit fell 38%, and the company cited the impact of recall-related costs of 14 percentage points and insurance recoveries of 12 percentage points as factors.

  3. The company expects low-single-digit organic revenue growth and mid-single-digit core constant currency EPS growth in 2025. It also announced a 5% increase in its annualized dividend per share, from $5.42 to $5.69.

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.

Q4 2024 and Full-Year GAAP Results

The company reported fourth-quarter net revenue of 27,784 million and earnings per share (EPS) of $1.11, and full-year net revenue of 91,854 million and EPS of $6.95. Fourth-quarter EPS change was 17% and full-year 6%.

Source · Based on the filing body and exhibits

Quaker Foods North America Division Results Affected by Recall

PepsiCo said full-year net revenue at Quaker Foods North America declined 14%, affected by the Quaker Recall. Full-year operating profit fell 38%, and the company cited the impact of recall-related costs of 14 percentage points and insurance recoveries of 12 percentage points as factors.

Source · Based on the filing body and exhibits

2025 Outlook and Dividend Increase

The company expects low-single-digit organic revenue growth and mid-single-digit core constant currency EPS growth in 2025. It also announced a 5% increase in its annualized dividend per share, from $5.42 to $5.69.

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.