Thu, Jul 11, 10:02 AM (58 days ago)
PepsiCo's Q2 2024 financial report highlights a slight increase in net revenue by 0.8% year-over-year, reaching $22.5 billion. Operating profit rose by 10.6% to $4.0 billion, driven by effective net pricing and productivity savings, despite higher operating costs and a decline in organic volume. Key divisions showed mixed performance: Frito-Lay North America saw a 0.5% revenue decrease, Quaker Foods North America experienced an 18% drop, while PepsiCo Beverages North America and Latin America posted modest revenue growth of 1% and 7%, respectively. Foreign exchange impacts were minimal overall. The company maintained strong cash flow, with $1.3 billion generated from operations, though this was down from $2.0 billion in the prior year due to working capital changes. PepsiCo's liquidity remains robust, supported by new credit facilities and consistent dividend payments.