# PepsiCo, Inc. (PEP) — Q1-2024 Earnings Results

**Report date:** 2024-04-23 (before market open)  
**Sector:** Consumer Staples / Soft Drinks & Non-alcoholic Beverages  
**Status:** reported  
**Source:** https://earningsnxt.ai/ticker/PEP/earnings/Q1-2024

## Post-Earnings Brief

### Headline

PepsiCo Misses on EPS, Stock Down 2.97%

### Key Numbers

| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $1.48 | N/A | -2.31% |

### Management Commentary

**Tone:** Cautiously Optimistic

Overall, management expressed a cautious outlook, emphasizing the need to navigate current market challenges while remaining committed to innovation.

**Key quotes:**

> Management highlighted ongoing challenges in the supply chain.

> They noted a focus on innovation to drive future growth.

### Guidance Changes

No guidance was provided for future quarters.

### What It Means

PepsiCo's earnings report shows a slight miss on EPS, which contributed to a 2.97% drop in stock price. The company is facing ongoing challenges, particularly in supply chain management. Investors may be concerned about the lack of guidance, which adds uncertainty to the company's future performance.

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_AI-assisted analysis from EarningsNxt. Not financial advice. View full page: https://earningsnxt.ai/ticker/PEP/earnings/Q1-2024_