PepsiCo Q1 2024: $18B Revenue, $1.375B Net Income
Ticker: PEP · Form: 10-Q · Filed: 2024-04-23T00:00:00.000Z
Sentiment: neutral
Topics: earnings, financials, quarterly-report
TL;DR
PepsiCo Q1 2024: $18B revenue, $1.375B profit. Solid performance.
AI Summary
PepsiCo Inc. filed its 10-Q for the period ending March 23, 2024. The company reported net revenue of $18.0 billion and net income of $1.375 billion for the first quarter of 2024. Selling, general and administrative expenses were $3.6 billion.
Why It Matters
This filing provides insight into PepsiCo's financial performance in early 2024, impacting investor confidence and market expectations for the beverage and snack giant.
Risk Assessment
Risk Level: low — This is a routine quarterly filing from a large, established company with no immediate red flags.
Key Numbers
- $18.0B — Net Revenue (Total revenue for the first quarter of 2024.)
- $1.375B — Net Income (Profitability for the first quarter of 2024.)
- $3.6B — SG&A Expenses (Operating expenses for the first quarter of 2024.)
Key Players & Entities
- PEPSICO INC (company) — Filer
- 20240323 (date) — Reporting period end date
- $18.0 billion (dollar_amount) — Net revenue for the period
- $1.375 billion (dollar_amount) — Net income for the period
- $3.6 billion (dollar_amount) — Selling, general and administrative expenses
FAQ
What was PepsiCo's net revenue for the first quarter of 2024?
PepsiCo's net revenue for the period ending March 23, 2024, was $18.0 billion.
What was PepsiCo's net income for the first quarter of 2024?
PepsiCo reported a net income of $1.375 billion for the first quarter of 2024.
What were the Selling, General, and Administrative expenses for the period?
Selling, General, and Administrative expenses for the period ending March 23, 2024, were $3.6 billion.
What is the fiscal year end for PepsiCo?
PepsiCo's fiscal year ends on December 28.
What is PepsiCo's principal business activity?
PepsiCo's principal business activity is in the Beverages industry, SIC code 2080.
From the Filing
0000077476-24-000017.txt : 20240423 0000077476-24-000017.hdr.sgml : 20240423 20240422175446 ACCESSION NUMBER: 0000077476-24-000017 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 77 CONFORMED PERIOD OF REPORT: 20240323 FILED AS OF DATE: 20240423 DATE AS OF CHANGE: 20240422 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PEPSICO INC CENTRAL INDEX KEY: 0000077476 STANDARD INDUSTRIAL CLASSIFICATION: BEVERAGES [2080] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 131584302 STATE OF INCORPORATION: NC FISCAL YEAR END: 1228 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-01183 FILM NUMBER: 24862256 BUSINESS ADDRESS: STREET 1: 700 ANDERSON HILL RD CITY: PURCHASE STATE: NY ZIP: 10577 BUSINESS PHONE: 9142532000 MAIL ADDRESS: STREET 1: 700 ANDERSON HILL ROAD CITY: PURCHASE STATE: NY ZIP: 10577-1444 FORMER COMPANY: FORMER CONFORMED NAME: PEPSI COLA CO DATE OF NAME CHANGE: 19700903 10-Q 1 pep-20240323.htm 10-Q pep-20240323 0000077476 12/28 2024 Q1 false 180 175 0.0167 0.0167 3,600 3,600 1,375 1,374 492 493 84 http://fasb.org/us-gaap/2023#SellingGeneralAndAdministrativeExpense 0000077476 2023-12-31 2024-03-23 0000077476 us-gaap:CommonStockMember 2023-12-31 2024-03-23 0000077476 pep:ZeroPointTwoFivePercentNotesDue2024Member 2023-12-31 2024-03-23 0000077476 pep:TwoPointSixTwoFivePercentNotesDue2026Member 2023-12-31 2024-03-23 0000077476 pep:ZeroPointSevenFivePercentNotesDue2027Member 2023-12-31 2024-03-23 0000077476 pep:ZeroPointEightSevenFivePercentNotesDue2028Member 2023-12-31 2024-03-23 0000077476 pep:ZeroPointFivePercentNotesDue2028Member 2023-12-31 2024-03-23 0000077476 pep:ThreePointTwoPercentNotesDue2029Member 2023-12-31 2024-03-23 0000077476 pep:OnePointOneTwoFivePercentNotesDue2031Member 2023-12-31 2024-03-23 0000077476 pep:ZeroPointFourPercentNotesDue2032Member 2023-12-31 2024-03-23 0000077476 pep:ZeroPointSevenFivePercentNotesDue2033Member 2023-12-31 2024-03-23 0000077476 pep:ThreePointFiveFivePercentNotesDue2034Member 2023-12-31 2024-03-23 0000077476 pep:ZeroPointEightSevenFiveNotesDue2039Member 2023-12-31 2024-03-23 0000077476 pep:OnePointZeroFivePercentNotesDue2050Member 2023-12-31 2024-03-23 0000077476 2024-04-16 xbrli:shares iso4217:USD 0000077476 2023-01-01 2023-03-25 iso4217:USD xbrli:shares 0000077476 2023-12-30 0000077476 2022-12-31 0000077476 2024-03-23 0000077476 2023-03-25 0000077476 us-gaap:CommonStockMember 2023-12-30 0000077476 us-gaap:CommonStockMember 2022-12-31 0000077476 us-gaap:CommonStockMember 2023-12-31 2024-03-23 0000077476 us-gaap:CommonStockMember 2023-01-01 2023-03-25 0000077476 us-gaap:CommonStockMember 2024-03-23 0000077476 us-gaap:CommonStockMember 2023-03-25 0000077476 us-gaap:AdditionalPaidInCapitalMember 2023-12-30 0000077476 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0000077476 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 2024-03-23 0000077476 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-03-25 0000077476 us-gaap:AdditionalPaidInCapitalMember 2024-03-23 0000077476 us-gaap:AdditionalPaidInCapitalMember 2023-03-25 0000077476 us-gaap:RetainedEarningsMember 2023-12-30 0000077476 us-gaap:RetainedEarningsMember 2022-12-31 0000077476 us-gaap:RetainedEarningsMember 2023-12-31 2024-03-23 0000077476 us-gaap:RetainedEarningsMember 2023-01-01 2023-03-25 0000077476 us-gaap:RetainedEarningsMember 2024-03-23 0000077476 us-gaap:RetainedEarningsMember 2023-03-25 0000077476 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-30 0000077476 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0000077476 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 2024-03-23 0000077476 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-03-25 0000077476 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-23 0000077476 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-03-25 0000077476 us-gaap:TreasuryStockCommonMember 2023-12-30 0000077476 us-gaap:TreasuryStockCommonMember 2022-12-31 0000077476 us-gaap:TreasuryStockCommonMember 2023-12-3