PEP - These Analysts Slash Their Forecasts On PepsiCo After Weak Revenue | Benzinga
PepsiCo Inc (NASDAQ:PEP) reported worse-than-expected second-quarter FY24 revenue on Thursday.
The company reported second-quarter sales growth of 0.8% year-on-year to $22.501 billion, missing the analyst consensus estimate of $22.599 billion. Adjusted EPS of $2.28 beat the consensus estimate of $2.16, according to data from Benzinga Pro.
Chairman and CEO Ramon Laguarta, said, "During the second quarter, our business delivered net revenue growth, strong gross and operating margin expansion and double-digit EPS growth, remaining agile despite facing difficult net revenue growth comparisons versus the prior year, subdued category performance ...