週二盤前交易中，百事公司（納斯達克股票代碼：PEP）的股價下跌，此前該公司公佈的第四季度營收低於預期。 該公司報告第四季度營收同比下降0.2%至277.8億美元，低於分析師預期的278.9億美元。 北美菲多利公司的淨營收同比下降2%，北美桂格食品公司下降2%，北美百事飲料公司持平。 拉丁美洲銷售同比下滑7%，歐洲銷售增長6%。毛利潤同比下降1%至146億美元，毛利率收縮41個基點至52.6%。 營業利潤率擴展了206個基點至8.1%，季度營業收入增長33.6%至22.5億美元。 截至12月28日，該公司持有85億美元現金及等價物。全年運營現金流總計125億美元。 調整後每股收益爲1.96美元，超出市場預期的1.94美元。 百事宣佈將其年化股息從每股5.42美元提高5%至5.69美元，自預計於2025年6月支付的股息起生效。 董事長兼首席執行官Ramon Laguarta表示：“儘管北美類目表現趨勢不溫不火，北美桂格食品公司與召回相關的持續影響以及某些國際市場因地緣政治緊張局勢引發的業務中斷，我們的業務在2024年仍然保持了韌性。” 展望未來，百事公司預計2025財年有機收入將低單位數增長，核心不變貨幣每股收益中單位數增長。 百事公司預計核心年度有效稅率約爲20%。 該公司預計將向股東返還約86億美元的現金，其中包括76億美元的股息和10億美元的股票回購。 該公司還預計外匯換算對報告的淨收入和核心每股收益增長產生約3%的不利影響。 價格走勢：截至週二最後檢查時，盤前百事股價下跌2.17%至147.01美元。 圖片來源：Shutterstock。

以上內容來自Benzinga Earnings專欄，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.