These Analysts Slash Their Forecasts On PepsiCo After Weak Revenue
PEPPepsiCo(PEP) Benzinga·2024-07-13 01:31

Loading...Loading...PepsiCo Inc PEP reported worse-than-expected second-quarter FY24 revenue on Thursday.The company reported second-quarter sales growth of 0.8% year-on-year to 22.501billion,missingtheanalystconsensusestimateof22.501 billion, missing the analyst consensus estimate of 22.599 billion. Adjusted EPS of 2.28beattheconsensusestimateof2.28 beat the consensus estimate of 2.16, according to data from Benzinga Pro.Chairman and CEO Ramon Laguarta, said, "During the second quarter, our business delivered net revenue growth, strong gross and operating margin expansion and doub ...