PepsiCo Misses Revenue Growth Targets but Increases Profits! Demand for Beverages and Snacks Declines in North America!
Reading Time: 3 minutes
The beverage and snack manufacturer PepsiCo (PEP) released its financial results for the fourth quarter and the entire fiscal year 2024 on Tuesday, February 4, 2025, before the market opened. The stock fell by 4.5% to $143.50 by the end of trading, as its mixed earnings report fell slightly short of expectations, particularly with organic revenue growth of 2.1%, and its North American operations with Frito-Lay and Quaker Foods declining by 2%. Fourth Quarter 2024 Revenue at Prior Year Level Revenue in the fourth quarter of 2024 decreased slightly...
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