PepsiCo, Inc. (NASDAQ: PEP) reported its third quarter 2024 earnings outcomes immediately.

Web income dipped 0.6% to $23.3 billion in comparison with the identical interval a 12 months in the past. Natural income development was 1.3%.

Web earnings attributable to PepsiCo was $2.9 billion, or $2.13 per share, in comparison with $3 billion, or $2.24 per share, final 12 months. Core EPS was $2.31.

Earnings beat expectations whereas income missed estimates.

For fiscal 12 months 2024, the corporate now expects a low single-digit improve in natural income. It continues to count on an at the very least 8% improve in core fixed foreign money EPS.

The inventory dropped over 1% in premarket hours on Tuesday.

Prior efficiency