PepsiCo with profitability decline in 3Q24 📊

21:07 8 āļ•āļļāļĨāļēāļ„āļĄ 2024

PepsiCo (PEP.US) is slightly gaining today following the release of its 3Q24 results. The company's results were mostly in line with expectations, but it slightly lowered its revenue guidance due to the recall of some products in its Quaker Food segment and boycotts of the company's products in the Middle East. 

 

Today's reaction to the results remains moderate, particularly when compared to the last release of financial results, when the stock fell more than 2% at the opening to finish on a positive note. Source: xStation

āđ€āļĢāļīāđˆāļĄāđ€āļ—āļĢāļ”āļ—āļąāļ™āļ—āļĩāļ§āļąāļ™āļ™āļĩāđ‰ āļŦāļĢāļ·āļ­ āļĨāļ­āļ‡āđƒāļŠāđ‰āļšāļąāļāļŠāļĩāļ—āļ”āļĨāļ­āļ‡āđāļšāļšāđ„āļĢāđ‰āļ„āļ§āļēāļĄāđ€āļŠāļĩāđˆāļĒāļ‡

āđ€āļ›āļīāļ”āļšāļąāļāļŠāļĩ āļĨāļ­āļ‡āļšāļąāļāļŠāļĩāđ€āļ”āđ‚āļĄāđˆ āļ”āļēāļ§āļ™āđŒāđ‚āļŦāļĨāļ”āđāļ­āļ›āļĄāļ·āļ­āļ–āļ·āļ­ āļ”āļēāļ§āļ™āđŒāđ‚āļŦāļĨāļ”āđāļ­āļ›āļĄāļ·āļ­āļ–āļ·āļ­

The company's net revenue in 3Q24 remain at a similar level to the previous year (-0.6% year-on-year), due to an environment of higher interest rates still limiting consumers' purchasing power, as well as consumers operating for a long time in an inflationary environment. This macroeconomic situation is taking its toll on consumer habits in connection with non-core purchases, which include the company's snacks and beverages.

More strongly than in the revenue dynamics, this situation is reflected in declining sales volumes, which affected virtually every segment (with the exception of sales in Europe and Asia-Pacific, where sales volumes increased by 1% y/y in both cases). Hardest hit by the decline was the Quaker Foods segment in North America, where volumes (as well as revenues) fell by -13% y/y. Such a strong decline is the effect of the recall of certain products, which the company had already announced. 

The company also faces a deepening increase in costs, which caused operating profit to fall to $3.87 billion ( -4% y/y). This, coupled with an increase in financial expenses, caused diluted earnings per share to fall to $2.13 (vs. $2.24 a year earlier). At the profitability level, the company disappointed relative to consensus forecasts for diluted earnings per share of $2.28. 

Financial results for 3Q24:

  • Core EPS $2.31 vs. $2.25 y/y, estimate $2.30 ( Bloomberg Consensus)
  • Net revenue $23.32 billion, -0.6% y/y, estimate $23.8 billion
    • Frito-Lay North America revenue $5.89 billion, -1.1% y/y, estimate $5.95 billion
    • Quaker Foods North America revenue $648 million, -13% y/y, estimate $672 million
    • PepsiCo Beverages North America revenue $7.18 billion vs. $7.16 billion y/y, estimate $7.28 billion
    • Europe revenue $3.95 billion, +6.5% y/y, estimate $3.93 billion
    • Latin America revenue $2.92 billion, -4.6% y/y, estimate $3.11 billion
    • Africa, Middle East & South Asia revenue $1.55 billion, -3.9% y/y, estimate $1.68 billion
    • Asia Pacific, Australia, New Zealand & China revenue $1.20 billion, -1.8% y/y, estimate $1.23 billion
  • Organic revenue +1.3% vs. +8.8% y/y, estimate +3%
    • Frito-Lay North America organic revenue change: -1%, estimate 0%
    • Quaker Foods North America organic revenue change: -13%, estimate -10.4%
    • PepsiCo Beverages North America organic revenue change: +1%, estimate +1.86%
    • Latin America organic revenue  change: +3%, estimate +4.49%
    • Europe organic revenue +6%, estimate +7.45%
    • Asia Pacific, Australia and New Zealand and China Region organic revenue change: -1% (vs. previously: +9%), estimate +2.92%
    • Africa, Middle East and South Asia organic revenue +6%, estimate +11.4%
  • EPS $2.13 vs. $2.24 y/y, estimate $2.28

2024 Year forcasts:

  • Core EPS: $8.15 (maintained forecast), estimates: 8,14 $
  • Low single-digit organic revenue growth (previously: 4% growth) 
  • 8% EPS growth in constant currency (maintained forecast) 

 

āļŦāļļāđ‰āļ™:
āļāļĨāļąāļšāđ„āļ›

āļ‚āđˆāļēāļ§āđƒāļ™āļ•āļĨāļēāļ”āļāļēāļĢāđ€āļ‡āļīāļ™

25.07.2025
18:23

DE40: āļ™āļąāļāļĨāļ‡āļ—āļļāļ™āļĒāļļāđ‚āļĢāļ›āđ€āļĢāļīāđˆāļĄāļĢāļ°āļĄāļąāļ”āļĢāļ°āļ§āļąāļ‡ āļŦāļĨāļąāļ‡āļœāļĨāļ›āļĢāļ°āļāļ­āļšāļāļēāļĢāđ€āļœāļĒāļ„āļ§āļēāļĄāđ€āļŠāļĩāđˆāļĒāļ‡āļˆāļēāļāļ āļēāļĐāļĩāļ™āļģāđ€āļ‚āđ‰āļē 📉

āļŦāļļāđ‰āļ™āļĒāļļāđ‚āļĢāļ›āļĨāļ”āļĨāļ‡āđ€āļĨāđ‡āļāļ™āđ‰āļ­āļĒāđƒāļ™āļ§āļąāļ™āļĻāļļāļāļĢāđŒ āļ‚āļ“āļ°āļ—āļĩāđˆāļ™āļąāļāļĨāļ‡āļ—āļļāļ™āđ€āļĢāļīāđˆāļĄāļĢāļ°āļ§āļąāļ‡āļ•āļąāļ§āļāđˆāļ­āļ™āļŠāļļāļ”āļŠāļąāļ›āļ”āļēāļŦāđŒāļŠāļļāļ”āļ—āđ‰āļēāļĒāļāđˆāļ­āļ™āļāļēāļĢāđ€āļˆāļĢāļˆāļēāļāļēāļĢāļ„āđ‰āļēāļĢāļ°āļŦāļ§āđˆāļēāļ‡ EU āđāļĨāļ°āļŠāļŦāļĢāļąāļāļŊ āļˆāļ°āļŠāļīāđ‰āļ™āļŠāļļāļ”āļĨāļ‡ āļ”āļąāļŠāļ™āļĩ EU50 āļĨāļ”āļĨāļ‡ 0.2%...

16:56

āļĒāļ­āļ”āļ‚āļēāļĒāļ­āļąāļ‡āļāļĪāļĐāļžāļļāđˆāļ‡ â€“ ECB āđ€āļšāļĢāļāļĨāļ”āļ”āļ­āļāđ€āļšāļĩāđ‰āļĒ

āļ„āļĨāļ·āđˆāļ™āļ„āļ§āļēāļĄāļĢāđ‰āļ­āļ™āļŠāđˆāļ§āļĒāļāļĢāļ°āļ•āļļāđ‰āļ™āļĒāļ­āļ”āļ‚āļēāļĒāļ„āđ‰āļēāļ›āļĨāļĩāļāļ‚āļ­āļ‡āļŠāļŦāļĢāļēāļŠāļ­āļēāļ“āļēāļˆāļąāļāļĢ āļ‚āļ“āļ°āļ—āļĩāđˆāļ„āļ§āļēāļĄāļŦāļ§āļąāļ‡āđƒāļ™āļāļēāļĢāļĨāļ”āļ”āļ­āļāđ€āļšāļĩāđ‰āļĒāļ‚āļ­āļ‡ ECB āđāļ•āļ°āļĢāļ°āļ”āļąāļšāļ•āđˆāļģāļŠāļļāļ” āđāļĄāđ‰āđ€āļĻāļĢāļĐāļāļāļīāļˆāļ‚āļ­āļ‡āļŠāļŦāļĢāļēāļŠāļ­āļēāļ“āļēāļˆāļąāļāļĢāļˆāļ°āļĒāļąāļ‡āđ„āļĄāđˆāļĄāļĩāļŠāļąāļāļāļēāļ“āļŸāļ·āđ‰āļ™āļ•āļąāļ§āđƒāļ™āļŠāđˆāļ§āļ‡āđ„āļĄāđˆāļāļĩāđˆāļŠāļąāļ›āļ”āļēāļŦāđŒāļ—āļĩāđˆāļœāđˆāļēāļ™āļĄāļē...

16:31

āļ•āļĨāļēāļ”āđ€āļ”āđˆāļ™āļ§āļąāļ™āļ™āļĩāđ‰ : GBPUSD

āđ€āļ‡āļīāļ™āļ›āļ­āļ™āļ”āđŒāļ­āļąāļ‡āļāļĪāļĐāđ€āļĢāļīāđˆāļĄāļŠāļđāļāđ€āļŠāļĩāļĒāđāļĢāļ‡āļŠāđˆāļ‡āđƒāļ™āļŠāđˆāļ§āļ‡āļŠāļīāđ‰āļ™āļŠāļąāļ›āļ”āļēāļŦāđŒ āļŦāļĨāļąāļ‡āļ„āļ§āļēāļĄāļ•āļķāļ‡āđ€āļ„āļĢāļĩāļĒāļ”āļĢāļ°āļŦāļ§āđˆāļēāļ‡āđ‚āļ”āļ™āļąāļĨāļ”āđŒ āļ—āļĢāļąāļĄāļ›āđŒāđāļĨāļ°āļ›āļĢāļ°āļ˜āļēāļ™ Fed āđ€āļˆāļ­āđ‚āļĢāļĄ āļžāļēāļ§āđ€āļ§āļĨāļĨāđŒāđ€āļĢāļīāđˆāļĄāļ„āļĨāļĩāđˆāļ„āļĨāļēāļĒ (GBPUSD: -0.25%) āļāļēāļĢāļ›āļĢāļąāļšāļāļēāļ™āļ‚āļ­āļ‡āđ€āļ‡āļīāļ™āļ›āļ­āļ™āļ”āđŒāļĒāļīāđˆāļ‡āļĨāļķāļāļĨāļ‡āđ„āļ›āļ­āļĩāļāļˆāļēāļāļ‚āđ‰āļ­āļĄāļđāļĨāļĒāļ­āļ”āļ„āđ‰āļēāļ›āļĨāļĩāļāļ‚āļ­āļ‡āļŠāļŦāļĢāļēāļŠāļ­āļēāļ“āļēāļˆāļąāļāļĢāļ—āļĩāđˆāļ­āļ­āļāļĄāļēāļ•āđˆāļģāļāļ§āđˆāļēāļ„āļēāļ”...

āđ€āļ‚āđ‰āļēāļŠāļđāđˆāļ•āļĨāļēāļ”āļžāļĢāđ‰āļ­āļĄāļĨāļđāļāļ„āđ‰āļēāļ‚āļ­āļ‡ XTB Group āļāļ§āđˆāļē 1 600 000 āļĢāļēāļĒ

āļœāļĨāļīāļ•āļ āļąāļ“āļ‘āđŒāļ—āļēāļ‡āļāļēāļĢāđ€āļ‡āļīāļ™āļ—āļĩāđˆāđ€āļĢāļēāđƒāļŦāđ‰āļšāļĢāļīāļāļēāļĢāļĄāļĩāļ„āļ§āļēāļĄāđ€āļŠāļĩāđˆāļĒāļ‡ āđ€āļĻāļĐāļŦāļļāđ‰āļ™ (Fractional Shares) āđ€āļ›āđ‡āļ™āļœāļĨāļīāļ•āļ āļąāļ“āļ‘āđŒāļ—āļĩāđˆāđƒāļŦāđ‰āļšāļĢāļīāļāļēāļĢāļˆāļēāļ XTB āđāļŠāļ”āļ‡āļ–āļķāļ‡āļāļēāļĢāđ€āļ›āđ‡āļ™āđ€āļˆāđ‰āļēāļ‚āļ­āļ‡āļŦāļļāđ‰āļ™āļšāļēāļ‡āļŠāđˆāļ§āļ™āļŦāļĢāļ·āļ­ ETF āđ€āļĻāļĐāļŦāļļāđ‰āļ™āđ„āļĄāđˆāđƒāļŠāđˆāļœāļĨāļīāļ•āļ āļąāļ“āļ‘āđŒāļ—āļēāļ‡āļāļēāļĢāđ€āļ‡āļīāļ™āļ­āļīāļŠāļĢāļ° āļŠāļīāļ—āļ˜āļīāļ‚āļ­āļ‡āļœāļđāđ‰āļ–āļ·āļ­āļŦāļļāđ‰āļ™āļ­āļēāļˆāļ–āļđāļāļˆāļģāļāļąāļ”
āļ„āļ§āļēāļĄāļŠāļđāļāđ€āļŠāļĩāļĒāļŠāļēāļĄāļēāļĢāļ–āđ€āļāļīāļ™āļāļ§āđˆāļēāđ€āļ‡āļīāļ™āļ—āļĩāđˆāļāļēāļ