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PepsiCo, Inc. (NASDAQ:PEP) Q1 2024 Earnings Call Transcript

Insider Monkey Transcripts
·2-min read

PepsiCo, Inc. (NASDAQ:PEP) Q1 2024 Earnings Call Transcript April 23, 2024

PepsiCo, Inc. misses on earnings expectations. Reported EPS is $1.48 EPS, expectations were $1.52. PEP isn't one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here).

Operator: Good morning and welcome to PepsiCo's 2024 First Quarter Earnings question-and-answer session. Your lines are being placed on listen-only until it's your turn to ask the question. Today's call is being recorded and will be archived at www.pepsico.com. It is now my pleasure to introduce Mr. Ravi Pamnani, Senior Vice President of Investor Relations. Mr. Pamnani, you may begin.

A close up of a glass of a refreshing carbonated beverage illustrating the company's different beverages.
A close up of a glass of a refreshing carbonated beverage illustrating the company's different beverages.

Ravi Pamnani: Thank you, operator and good morning everyone. I hope everyone has had a chance this morning to review our press release and prepared remarks, both of which are available on our website. Before we begin, please take note of our cautionary statement. We may make forward-looking statements on today's call, including about our business plans and 2024 guidance. Forward-looking statements inherently involve risks and uncertainties and only reflect our view as of today, April 23rd, 2024, and we are under no obligation to update them. When discussing our results, we refer to non-GAAP measures, which exclude certain items from reported results. Please refer to our first quarter 2024 earnings release and first quarter 2024 Form 10-Q available on pepsico.com for definitions and reconciliations of non-GAAP measures and additional information regarding our results, including a discussion of factors that could cause actual results to materially differ from forward-looking statements.

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Joining me today are PepsiCo's Chairman and CEO, Ramon Laguarta; and PepsiCo's Executive Vice President and CFO, Jamie Caulfield. We ask that you please limit yourself to one question. And with that, I will turn it over to the operator for the first question.

See also

10 Best Healthcare Stocks to Buy Under $20 and 15 Fastest Declining Countries in Asia.

To continue reading the Q&A session, please click here.