PepsiCo (PEP) Revenue — Quarter Ended Mar 25, 2023
Revenue increased compared to the same quarter a year earlier, but decreased relative to the immediately preceding quarter. The company's top line showed a contrasting performance across the two comparison periods.
Key takeaway
Quarter ended Mar 25, 2023 · FY2023 Q1
Revenue increased compared to the same quarter a year earlier, but decreased relative to the immediately preceding quarter. The company's top line showed a contrasting performance across the two comparison periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$17.8B
Revenue reported for this quarter.
Quarter-over-quarter
-18.8%
Change from the immediately preceding quarter.
Year-over-year
+10.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$76.2B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Mar 19, 2022 | $16.2B | +9.3% |
| Jun 11, 2022 | $20.2B | +5.2% |
| Sep 3, 2022 | $22B | +8.8% |
| Mar 25, 2023 | $17.8B | +10.2% |
Revenue performance
For the quarter, revenue was higher than the prior-year period, reflecting year-over-year growth. However, on a sequential basis, revenue declined from the previous quarter.
Quarterly comparison
When measured against the same quarter last year, revenue rose. In contrast, compared to the immediately preceding quarter, revenue fell.
What to watch
The sequential decline in revenue may warrant attention in the context of the company's overall performance trends.