PEP - PepsiCo Raises Dividend After Mixed Q4 Performance Shares Fall As Annual Organic Revenue Outlook Disappoints | Benzinga
PepsiCo, Inc.(NASDAQ:PEP) shares are trading lower on Friday in the premarket session following the fourth quarter and full-year 2023 results.
The company reported fourth-quarter FY23 sales of $27.85 billion, missing the analyst consensus estimate of $28.40 billion. Sales declined 0.5% on a year-over-year basis.
Operating profits at Quaker Foods North America and PepsiCo Beverages North America fell 79% and 27%, respectively, weighing on quarterly performance.
The company reported adjusted EPS of $1.78 in the fourth quarter, beating the street view ...