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$PEP Q1 '25 Earnings Results & Recap
PepsiCo reported Q1 2024 earnings of $1.48/share, just below estimates, on revenue of $17.92B, above estimates. Management commentary highlights challenges, including tariffs, macro uncertainty, and Frito Lay North America's underperformance, leading to a reduced full-year earnings outlook while maintaining revenue guidance. The international business is highlighted as a key growth driver going forward.7
