PepsiCo Inc. announced on Tuesday that its unaudited net revenue in the fourth quarter of the fiscal year 2024 saw a slight annual decline of 0.2% to land at $27.78 billion. On the other hand, its operating profit rose by 34% compared to the same trimester in 2023 to $2.25 billion, and its net income by 16% to $1.53 billion. The diluted earnings per share (EPS) went up by 18% year-on-year to $1.11.
In the entire 2024, the enterprise's net revenue grew by 0.4% on a yearly basis to $91.85 billion. The operating profit moved up by 7% to $12.89 billion, and the net income by 5% to $9.63 billion. The diluted EPS increased by 6% to $6.95.
"[W]e expect to deliver low-single-digit organic revenue growth and mid-single-digit core constant currency EPS growth in 2025. We also announced a 5 percent increase in our annualized dividend per share beginning with the June 2025 payment," PepsiCo Chief Executive Officer (CEO) Ramon Laguarta said. After the results were released, the company's shares dropped by 0.55% in the premarket.
