周二盘前交易中，百事公司（纳斯达克股票代码：PEP）的股价下跌，此前该公司公布的第四季度营收低于预期。 该公司报告第四季度营收同比下降0.2%至277.8亿美元，低于分析师预期的278.9亿美元。 北美菲多利公司的净营收同比下降2%，北美桂格食品公司下降2%，北美百事饮料公司持平。 拉丁美洲销售同比下滑7%，欧洲销售增长6%。毛利润同比下降1%至146亿美元，毛利率收缩41个基点至52.6%。 营业利润率扩展了206个基点至8.1%，季度营业收入增长33.6%至22.5亿美元。 截至12月28日，该公司持有85亿美元现金及等价物。全年运营现金流总计125亿美元。 调整后每股收益为1.96美元，超出市场预期的1.94美元。 百事宣布将其年化股息从每股5.42美元提高5%至5.69美元，自预计于2025年6月支付的股息起生效。 董事长兼首席执行官Ramon Laguarta表示：“尽管北美类目表现趋势不温不火，北美桂格食品公司与召回相关的持续影响以及某些国际市场因地缘政治紧张局势引发的业务中断，我们的业务在2024年仍然保持了韧性。” 展望未来，百事公司预计2025财年有机收入将低单位数增长，核心不变货币每股收益中单位数增长。 百事公司预计核心年度有效税率约为20%。 该公司预计将向股东返还约86亿美元的现金，其中包括76亿美元的股息和10亿美元的股票回购。 该公司还预计外汇换算对报告的净收入和核心每股收益增长产生约3%的不利影响。 价格走势：截至周二最后检查时，盘前百事股价下跌2.17%至147.01美元。 图片来源：Shutterstock。

以上内容来自Benzinga Earnings专栏，原文如下：

PepsiCo Inc (NASDAQ:PEP) shares are trading lower in premarket on Tuesday after the company reported worse-than-expected fourth-quarter revenue.

The company reported a fourth-quarter sales decline of 0.2% year-on-year to $27.78 billion, missing the analyst consensus estimate of $27.89 billion.

Net revenue from Frito-Lay North America decreased 2% Y/Y, Quaker Foods North America dropped 2%, and PepsiCo Beverages North America remained flat.

Latin America sales slumped 7% Y/Y, and Europe sales rose 6%. Gross profit decreased 1% Y/Y to $14.6 billion, and the margin contracted 41 basis points Y/Y to 52.6%.

Operating margin expanded by 206 basis points to 8.1%, and operating income for the quarter increased 33.6% to $2.25 billion.

The company held $8.5 billion in cash and equivalents as of December 28. Operating cash flow for the twelve months totaled $12.5 billion.

Adjusted EPS of $1.96 beat the consensus estimate of $1.94.

Pepsi announced a 5% increase in its annualized dividend to $5.69 per share from $5.42 per share, effective with the dividend expected to be paid in June 2025.

Chairman and CEO Ramon Laguarta, said “Our businesses remained resilient in 2024, despite subdued category performance trends in North America, the continued impacts related to a recall in our Quaker Foods North America division and business disruptions due to geopolitical tensions in certain international markets.”

Outlook: PepsiCo expects low-single-digit increase in organic revenue for FY25 and a mid-single-digit increase in core constant currency EPS.

PepsiCo sees a core annual effective tax rate of approximately 20%.

The expects total cash returns to shareholders to be approximately $8.6 billion, consisting of dividends of $7.6 billion and share repurchases of $1.0 billion.

The company also expects a foreign exchange translation headwind of approximately 3% to negatively impact reported net revenue and core EPS growth.

Price Action: PEP shares are trading lower by 2.17% at $147.01 in premarket at the last check Tuesday.

Photo via Shutterstock.