Sector: Consumer Staples|Industry: Beverages - Non-Alcoholic|Market Cap: $217.59B|Employees: 318K
PepsiCo is a global beverage and convenient food company with a diverse portfolio of brands. They operate through various segments, including Frito-Lay, Quaker Foods, and PepsiCo Beverages, and distribute their products in over 200 countries. The company's market position is supported by its strong brand recognition, innovation, and extensive distribution network.
Net revenue increased by 1% year-over-year for the 12 weeks ended June 15, 2024, and 1.5% for the 24 weeks ended June 15, 2024, primarily due to effective net pricing, partially offset by a decline in organic volume.
Operating profit increased 11% for the 12 weeks ended June 15, 2024 and 8% for the 24 weeks ended June 15, 2024, driven by effective net pricing and productivity savings, partially offset by cost increases and a decline in organic volume.
Net income attributable to PepsiCo increased 12% for the 12 weeks ended June 15, 2024, and 10% for the 24 weeks ended June 15, 2024, reflecting the operating profit growth and a decrease in the tax rate.