PepsiCo earnings beat estimates, but demand for drinks and snacks drops in North America

Tue, 04 Feb 2025 11:22:19 GMT

In this articlePEPFollow your favorite stocksCREATE FREE ACCOUNTBottles of Pepsi soda are seen on display at a Target store on February 09, 2024 in the Flatbush neighborhood of Brooklyn borough New York City.Michael M. Santiago | Getty ImagesPepsiCo reported mixed quarterly results on Tuesday as demand for its snacks and drinks fell in North America.Shares of the company fell less than 1% 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: $1.96 adjusted vs. $1.94 expectedRevenue: $27.78 billion vs. $27.89 billion expectedPepsi reported fourth-quarter net income attributable to the company of $1.52 billion, or $1.11 per share, up from $1.3 billion, or 94 cents per share, a year earlier.Excluding restructuring, impairment charges and other items, the food and beverage company earned $1.96 per share.Net sales dropped 0.2% to $27.78 billion.

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