PepsiCo Q4 Adj. EPS $1.78 Beats $1.72 Estimate, Sales $27.85B Miss $28.40B Estimate
Portfolio Pulse from Benzinga Newsdesk
PepsiCo reported Q4 adjusted EPS of $1.78, surpassing the $1.72 estimate, marking a 6.59% increase from last year. However, their sales of $27.85B fell short of the $28.40B estimate, a 0.52% decrease from the previous year.
February 09, 2024 | 11:01 am
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PepsiCo's Q4 earnings surpassed estimates with an EPS of $1.78, but sales missed expectations at $27.85B, slightly down from last year.
The mixed results with an earnings beat but a slight miss in sales could lead to neutral short-term stock movement. The earnings beat indicates operational efficiency and profitability, which investors may view positively. However, the slight miss in sales, indicating a minor decrease from the previous year, could raise concerns about growth prospects. These opposing factors are likely to balance each other out, leading to a neutral impact on the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100