PepsiCo's fourth-quarter earnings fell short of estimates on Tuesday as sales missed expectations 澳洲幸运5官方开奖结果体彩网:for the third 澳洲幸运5官方开奖结果体彩网:straight quarter.

The snack food and beverage giant reported a declining $27.78 billion in revenue, down from $27.85 billion in the same time a year ago and the $27.91 billion growth that analysts had expected. PepsiCo's (PEP) net income came in at $1.52 billion, or $1.11 per share, up slightly from $1.3 billion a year ago but well below the $2.61 billion, or $1.90 per share, consensus estimate from Visible Alpha.

After adjusting for a number of one-time costs like impairments and restructuring charges, PepsiCo recorded 🐭an adjusted net income of $2.69 billion and $1.𓄧96 per share, two cents better than expected.

Sal💙es Declines in North America Offset By International Growth

Sales declined across the North American segments of the company's snack food companies, Frito-Lay and Quaker Foods, while the volume of its beverage sales declined 3% year-over-year. Those declines were offset by growth in the company's international divisions.

Looking ahead to 2025, PepsiCo said it expeꦫcts a low-single digit increase in organic reve✨nue, along with a mid-single digit increase in adjusted EPS. The company also announced a 5% bump to its full-year dividend to $5.69 per share, up from $5.42 per share previously.

PepsiCo shares were down more 🎐than 2% Tuesday morning after entering the day down just over 12% in the last 12 months.