Your current location:HOME >style >PepsiCo beats Q1 revenue forecasts as price increases moderate 正文
TIME:2024-05-21 20:59:39 Source: Internet compilationEdit:style
PepsiCo reported better-than-expected revenue in the first quarter on strong international demand fo
PepsiCo reported better-than-expected revenue in the first quarter on strong international demand for its snacks and beverages.
The Purchase, New York-based company said revenue rose 2% to $18.3 billion for the January-April period. That was higher than the $18 billion Wall Street forecast, according to analysts polled by FactSet.
Pepsi reaffirmed its financial guidance for 2024, including organic revenue growth of 4%. The company has said it expects to return to more normal rates of growth this year after several years of inflation-driven price increases.
That may have disappointed investors who have grown used to stronger growth at PepsiCo. Last year organic revenue grew 9.5%, for example. PepsiCo’s shares fell more than 2.5% in morning trading Tuesday.
In North America Frito-Lay revenue rose 2% while Pepsi beverage sales were up 1%. Sales were hurt by a recall early in the quarter of Quaker Oats cereal, bars and snacks because of potential contamination with salmonella. Quaker Foods sales dropped 24% during the quarter.
Digital technologies restore looks of 2,2002024-05-21 20:30
Pirates add Paul Skenes to their roster ahead of his major league debut2024-05-21 20:13
Highlights of China's May Day holiday tell consumption vitality2024-05-21 20:13
Woman gets 2 life sentences in 2021 murders of father, his longtime girlfriend2024-05-21 19:37
Candice Swanepoel wows in a shimmering black flared jumpsuit as she joins ab2024-05-21 19:33
What's bugging them? Royal women love an insect brooch, so can you guess who's wearing these gem2024-05-21 19:28
Matt Chapman's grand slam leads the Giants past the Reds 52024-05-21 19:05
Man charged with overturning port2024-05-21 19:02
Tourism boosts China's social, economic development2024-05-21 18:30
Yokohama rallies past Al2024-05-21 18:21
The fightback begins: Boss of London's Queen Mary University tells pro2024-05-21 20:39
Fried, 2 relievers work 8 2/3 no2024-05-21 20:36
Rafael Devers' 22024-05-21 20:24
Federal prosecutors request 402024-05-21 20:03
Scottie Scheffler's Louisville court date postponed after arrest during PGA Championship2024-05-21 19:09
Mets LF Brandon Nimmo exits game against Braves doe to pain in his side2024-05-21 19:09
Real Madrid rests starters in 42024-05-21 19:03
Outbound travel boom mirrors China's consumption vibrancy2024-05-21 18:56
With Djokovic awaiting the winner, Murray trails Hanfmann at rain2024-05-21 18:40
Brave decisions, a historic abdication2024-05-21 18:19