Summary by Futu AI
PepsiCo reported Q2 2024 results with revenue increasing 1% to $22.5 billion and operating profit rising 11% to $4.05 billion. Effective net pricing and productivity savings drove growth, offsetting a 3% decline in organic volume. The company's core EPS grew 9% to $2.28.FLNA and QFNA segments faced challenges, with revenues declining 0.5% and 18% respectively. PBNA saw 1% revenue growth and 37% operating profit increase. International divisions showed mixed results, with LatAm and Europe posting strong growth while AMESA and APAC faced headwinds.PepsiCo maintained its 2024 outlook, expecting to return $8.2 billion to shareholders through dividends and share repurchases. The company continues to navigate global economic uncertainties and commodity cost pressures while focusing on productivity initiatives and strategic pricing.