PepsiCo Q1 2024 Adj EPS $1.61 Beats $1.52 Estimate, Sales $18.250B Beat $18.079B Estimate
Portfolio Pulse from Benzinga Newsdesk
PepsiCo reported Q1 2024 adjusted EPS of $1.61, surpassing the $1.52 estimate, and sales of $18.250B, exceeding the $18.079B estimate. This represents a 7.33% increase in earnings and a 2.26% increase in sales from the same period last year.
April 23, 2024 | 10:01 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
PepsiCo's Q1 2024 earnings and sales exceeded analyst expectations, with a notable year-over-year growth in both metrics.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can drive the stock price up in the short term. The reported growth rates further reinforce the company's financial health and operational efficiency, making it an attractive asset for investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100