Form 8-K · Current Report · Filed 2024-02-09
PepsiCo Reports Q4 2023 Financial Results and Raises Dividend
PepsiCo, Inc. (PEP) reported Q4 2023 financial results with net revenue of $27.85 billion, down 0.5%, and EPS of $0.94, up 152%. For the full year, net revenue increased by 5.9% to $91.47 billion, and EPS increased by 2% to $6.56. The company expects at least 4% organic revenue growth and at least 8% core EPS growth in 2024. PepsiCo also announced a 7% increase in its annualized dividend, starting in June 2024.
- Filer
- PepsiCo, Inc. PEP · NASDAQ
- Filed
- Accession
- 0000077476-24-000010
- CIK
- 0000077476
- Signal
- Medium impactConsumer Defensive
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Financial Statements and Exhibits
Market reaction
Close before filing
$173.85
Next session
-1.9%
Since filing
-19.7%
Latest close
$139.56
What happened, not what will happen — closing prices around the filing date.
Exhibits (1)
About PepsiCo, Inc.
PepsiCo, Inc. is a global food and beverage leader known for its diverse portfolio of iconic brands. With its roots in the beverage industry, PepsiCo's primary function centers around manufacturing and distributing a vast range of soft drinks, including the renowned Pepsi cola. Beyond beverages, the company significantly impacts the food sector, offering well-known snacks through its Frito-Lay division, with products like Lay’s, Doritos, and Cheetos. PepsiCo also operates in segments like Quaker Foods, providing nutritious grains and cereals, and Tropicana Products, offering quality juices. The company's operations span multiple regions, including North America, Europe, Latin America, and the Asia, Middle East, and Africa sectors. PepsiCo stands as a market significant entity due to its extensive distribution networks, innovative product development, and sustainable business practices. Founded in 1965 and headquartered in Purchase, New York, PepsiCo continues to influence the global food and beverage industry, addressing evolving consumer preferences and advancing health and wellness initiatives throughout its product lines.
Never miss another PEP filing
Profitelligence watches EDGAR around the clock and alerts you within seconds.