Company news: PepsiCo’s (PEP) quarterly earnings top analysts’ estimates

PepsiCo (PEP) reported Q4 FY2024 earnings of $1.96 per share (versus $1.78 per share in Q4 FY2023), beating analysts’ consensus estimate of $1.94 per share.

The company’s quarterly revenues amounted to $27.784 bln (-0.2% y/y), slightly missing analysts’ consensus estimate of $27.892 bln.

The company also announced a 5% increase in its annualised dividend to $5.69/share from $5.42/share, effective with the dividend to be paid in June 2025. This represents PepsiCo's 53rd consecutive annual dividend increase.

PEP fell to $148.00 (-1.51%) in pre-market trading.