PepsiCo reported a 1% decrease in net revenue to $23.32 billion for Q3 2024, with organic revenue growth of 1%. Operating profit declined 4% to $3.87 billion, while core operating profit increased 4% on a constant currency basis. The company faced headwinds from higher restructuring charges and commodity derivative losses.Effective net pricing and productivity savings partially offset volume declines and increased operating costs. FLNA saw a 9% drop in operating profit, while PBNA's operating profit fell 6%. International markets had mixed results, with Europe's operating profit rising 11% but AMESA's declining 17%.PepsiCo maintained its full-year outlook, expecting to return $8.2 billion to shareholders in 2024 through $7.2 billion in dividends and $1 billion in share repurchases. The company announced plans to acquire Siete Foods for $1.2 billion, subject to regulatory approvals, with closing expected in the first half of 2025.

PepsiCo reported a 1% decrease in net revenue to $23.32 billion for Q3 2024, with organic revenue growth of 1%. Operating profit declined 4% to $3.87 billion, while core operating profit increased 4% on a constant currency basis. The company faced headwinds from higher restructuring charges and commodity derivative losses.Effective net pricing and productivity savings partially offset volume declines and increased operating costs. FLNA saw a 9% drop in operating profit, while PBNA's operating profit fell 6%. International markets had mixed results, with Europe's operating profit rising 11% but AMESA's declining 17%.PepsiCo maintained its full-year outlook, expecting to return $8.2 billion to shareholders in 2024 through $7.2 billion in dividends and $1 billion in share repurchases. The company announced plans to acquire Siete Foods for $1.2 billion, subject to regulatory approvals, with closing expected in the first half of 2025.