Pepsico ( (PEP) ) has released its Q4 earnings. Here is a breakdown of the information Pepsico presented to its investors.
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PepsiCo, Inc. is a global food and beverage leader that produces and sells a wide range of convenient foods and beverages, operating across several continents with iconic brands like Pepsi, Quaker, and Tropicana.
For the fiscal year 2024, PepsiCo reported mixed financial results, with slight overall revenue growth despite various challenges including a recall in its Quaker Foods division and geopolitical disruptions. The company demonstrated resilience, achieving improvements in gross and operating margins, and an increase in earnings per share (EPS) despite a negative foreign exchange impact.
Key highlights from 2024 include a 0.4% increase in net revenue and a 6% rise in GAAP EPS to $6.95. However, organic revenue showed a modest 2% growth, while core EPS rose by 9%. The company’s divisions faced diverse performances, with significant profit increases in regions like Europe and Asia, contrasted by declines in North America and Latin America due to various operational challenges.
Looking ahead, PepsiCo is optimistic about its growth in 2025, aiming for low-single-digit organic revenue growth and mid-single-digit core constant currency EPS growth. The company plans to continue its productivity initiatives and strategic investments to enhance performance, particularly in North America, while also increasing its annual dividend by 5% starting June 2025, marking its 53rd consecutive annual increase.
