PepsiCo Q4 Earnings Beat, Shares Dip 2% on Y/Y Revenue Decline

PepsiCo, Inc. (PEP) has reported robust fourth-quarter 2024 results, wherein earnings surpassed the Zacks Consensus Estimate and improved year over year. Meanwhile, the company’s top line beat the consensus mark but declined year over year. The top-line results have been mainly affected by subdued category demand in its convenient food business and the impacts of a product recall in the QFNA segment.PepsiCo’s fourth-quarter core EPS of $1.96 beat the Zacks Consensus Estimate of$1.95 and increased 10.1% yea ...