Pepsi Reports Q4 Earnings: 2024 Forecasts Drop, Consumer Budget Struggles Highlighted
New York, NY – PepsiCo reported its fourth-quarter earnings, falling short of Wall Street expectations. The beverage giant’s net sales dropped by 0.5% to $27.85 billion, below the expected $28.4 billion. However, the company’s adjusted earnings per share of $1.78 surpassed the expected $1.72. Despite the decline in net sales, PepsiCo’s organic revenue saw a 4.5% increase, driven by higher prices. However, the higher prices have also impacted demand for the company’s products, leading to …