PepsiCo, Inc. (NASDAQ: PEP) reported its second quarter 2024 earnings outcomes at the moment.

Internet income rose 1% year-over-year to $22.5 billion. Natural revenues grew 1.9%.

Internet earnings attributable to PepsiCo was $3 billion, or $2.23 per share, in comparison with $2.7 billion, or $1.99 per share, final yr. Core EPS was $2.28.

Earnings beat expectations whereas income fell quick.

For the complete yr of 2024, the corporate now expects natural income development of approx. 4%, and core EPS of at the least $8.15.

The inventory dropped over 1% in premarket hours on Thursday following the announcement.

Prior efficiency