PepsiCo (PEP) earnings Q2 2024 earnings

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PepsiCo (PEP) earnings Q2 2024 earnings

Pepsi bottles with new and previous logos are seen at the grocery store in Las Vegas, ******* States on November 17, 2023.

Jakub Porzycki | Nurphoto | Getty Images

PepsiCo reported mixed quarterly results Thursday, hurt by declining demand in North America for its drinks and snacks.

The company also narrowed its revenue

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for the full year.

Shares of the company fell more than 2% in premarket trading.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:

Earnings per share: $2.28 adjusted vs. $2.16 expectedRevenue: $22.5 billion vs. $22.57 billion expected

Pepsi reported second-quarter net income attributable to the company of $3.08 billion, or $2.23 per share, up from $2.75 billion, or $1.99 per share, a year earlier.

Excluding items, the company earned $2.28 per share.

Net sales rose nearly 1% to $22.5 billion.

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#PepsiCo #PEP #earnings #earnings

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