Yabba Dabba D'oh! PepsiCo Reports Weakened Demand, Shares Take a Bedrock-Slide

PepsiCo's Mixed Results: Not As Tasty As a Brontosaurus Burger

Well well well it looks like the Flintstone family's favorite beverage company PepsiCo is having a bit of a rocky time in the stock market. Their latest quarterly results are a bit like stale Dino bread: mixed.

Earnings Per Share: Better Than a Gazoo Magic Trick

PepsiCo reported earnings per share of $1.78 adjusted which is higher than what those Wall Street folks were expecting. They were only looking for $1.72 per share. Looks like the Flintstones are laughing all the way to the Bronto Mart.

Revenue Vs. Expectations: Just Like Fred's Bowling Skills

Now when it comes to revenue things weren't as rosy as Barney Rubble's cheeks. PepsiCo's revenue for the quarter was $27.85 billion falling short of the $28.4 billion that the big shots were hoping for. Looks like Fred needs a better aim.

Pepsi vs. Volume: A Smash Up at the Bedrock Cup

Here's where things really went downhill faster than Fred on a skateboard with square wheels. PepsiCo's volume which measures how much of their tasty beverages were sold dropped like a boulder off a cliff. The North American Quaker Foods division reported an 8% decline in volume while Frito Lay North America saw a 2% drop. And the North American beverage unit? Ouch! A 6% decrease in volume. Looks like those Flintstone sized mugs just aren't as popular these days.

Organic Revenue Growth: Like a Mammoth Sized Dino Steak

But hey it's not all gloom and doom for PepsiCo. Their organic revenue which excludes any fancy acquisitions and divestitures actually went up by 4.5% in the quarter. Looks like some folks are still thirsty for a taste of Bedrock goodness. Just gotta work on those volume numbers Pebbles.

Pepsi's Outlook: Hoping the Flintstone Kids Grow Up Fast

Looking ahead to 2024 PepsiCo is setting some goals. They're aiming for at least 4% organic revenue growth and an 8% increase in core constant currency earnings per share. It's like they're hoping for a growth spurt much like Bam Bam growing into a future Bedrock slam champion.