Analyst Estimates for Q3 2024 Q2 2024 Q3 2023 Revenue $23.83 billion $22.5 billion $23.45 billion Diluted EPS $2.28 $2.23 $2.24 Net Income $3.14 billion $3.08 billion $3.09 billion Key Metric: Revenue Outlook Last quarter, PepsiCo lowered its organic revenue growth projection to about 4% for fiscal 2024 compared to 2023, compared to its prior expectation of at least 4%. It was an adjustment "related to specifically the consumer in the U.S.," said PepsiCo CEO Ramon Laguarta. Laguarta said consumers across in ...

PepsiCo, Inc. (NASDAQ: PEP ) is scheduled to release its Q3 earnings on Tuesday, October 8 before the market open. In this article, I investigate the key developments that investors need to watch out for in the Associate Professor in Finance and Corporate Governance at Brunel University London. I am also a CFA charterholder. In addition, I hold a PhD in Finance from University of Durham, U.K. I have six years of investing experience in the Indian and US equities with a medium to long-term horizon. I also ac ...

PepsiCo, Inc. (PEP) is expected to register bottom and top-line growth when it reports third-quarter 2024 numbers on Oct. 8, before the opening bell. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. The Zacks Consensus Estimate for third-quarter revenues is pegged at $23.9 billion, implying 2% growth from the year-ago quarter's reported figure. For quarterly earnings, the consensus mark is pegged at $2.30, suggesting 2.2% growth from the $2.25 reported in the prior-year quarter. The ...

PepsiCo, Inc. (PEP) benefits from strength in core categories, diversified portfolio, modernized supply chain, improved digital capabilities and flexible go-to-market distribution systems. In the latest revelation, the company has agreed to buy Garza Food Ventures LLC, dba Siete Foods (Siete), worth $1.2 billion. More on PEP's Latest Transaction Founded 10 years back, Siete offers Mexican-American food. This deal looks forward to complementing PepsiCo's portfolio by adding this attractive Mexican-American b ...

PepsiCo has revealed plans to acquire Siete Foods, a Mexico-USA based food company, for $1.2 billion. This marks PepsiCo's first acquisition in the food industry in nearly five years. In recent years, PepsiCo has aimed to diversify its product lineup to include healthier options, often through acquisitions. The latest additions to PepsiCo's portfolio include brands such as Bare Snacks, Health Warrior, and PopCorners. Siete Foods will soon join these ranks. Siete Foods was founded by Veronica Garza in 2014, ...

PepsiCo said Tuesday that it's buying Mexican-American food company Siete Foods for $1.2 billion, marking the company's first food acquisition in roughly five years. Like many food companies, Pepsi has been trying to shift its portfolio to include healthier options in recent years, usually through acquisitions. Recent additions include Bare Snacks, Health Warrior and PopCorners. Soon that will also include Siete. Founder Veronica Garza started the company in 2014, when she began selling grain-free tortillas ...

PURCHASE, N.Y. and AUSTIN, Texas, Oct. 1, 2024 /PRNewswire/ -- PepsiCo, Inc. (NASDAQ: PEP) ("PepsiCo") today announced that it has entered into a definitive agreement to acquire Garza Food Ventures LLC, dba Siete Foods ("Siete") for $1.2 billion. The acquisition will complement PepsiCo's portfolio with the addition of an authentic, Mexican-American brand, while also growing its better-for-you food offerings. Siete products will bring a rich, new aspect to the PepsiCo multicultural portfolio with delicious f ...

PepsiCo Inc. (PEP) stock is trading at a discount compared with the Zacks Beverages – Soft Drinks industry. With a forward 12-month Price/Earnings ratio of 19.8X, it sits below the industry average of 21.5X and the Consumer Staples sector's 18.4X. The stock also trades below the S&P 500's multiple of 21.9X. The soft drink behemoth has a market capitalization of $233.5 billion. The average volume of shares traded in the last three months was 5.4 million. Image Source: Zacks Investment Research The stock is a ...

These two leaders in consumer staples have taken different approaches to their thriving businesses. There aren't many places you can visit globally and not run into products from Coca-Cola (KO 0.55%) or PepsiCo (PEP 0.18%). They both have a stronghold on nonalcoholic beverages, and PepsiCo has built a solid portfolio of snack brands. It's one of the more iconic rivalries in any industry. Over the years, both Coca-Cola and PepsiCo have rewarded their investors. However, if you were to choose one in a bull ma ...

PepsiCo Foundation Awards Nearly 6,000 Scholarships PURCHASE, N.Y., Sept. 24, 2024 /PRNewswire/ -- The PepsiCo Foundation is helping to create future employees and entrepreneurs in the U.S through scholarship and workforce development programs, providing students with financial support, networking opportunities, and career guidance. As part of its ongoing mission to drive positive change in our communities, in the last five years the PepsiCo Foundation is proud to have awarded nearly 6,000 scholarships in t ...