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PepsiCo | 10-Q: Q2 2024 Earnings Report

SEC ·  Jul 12 04:07

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.
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.

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