PepsiCo Q3 2024 Adj. EPS $2.31 Beats $2.29 Estimate, Sales $23.319B Miss $23.825B Estimate
Portfolio Pulse from Benzinga Newsdesk
PepsiCo reported Q3 2024 earnings per share of $2.31, beating the estimate of $2.29, but sales of $23.319 billion missed the $23.825 billion estimate. EPS increased by 2.67% year-over-year, while sales decreased by 0.57%.
October 08, 2024 | 10:01 am
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PepsiCo's Q3 2024 earnings per share exceeded expectations, but sales fell short. The EPS of $2.31 beat the $2.29 estimate, showing a 2.67% increase from last year. However, sales of $23.319 billion missed the $23.825 billion estimate, marking a 0.57% decline from the previous year.
The earnings per share beat indicates strong profitability, which is positive for the stock. However, the sales miss suggests potential challenges in revenue growth, balancing the overall impact to neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100