PepsiCo (PEP) Revenue — Quarter Ended Jun 17, 2023
Revenue for the period increased compared to both the prior quarter and the same quarter last year. The reported growth was driven by broad-based gains across the business, though the filing notes items affecting comparability.
Key takeaway
Quarter ended Jun 17, 2023 · FY2023 Q2
Revenue for the period increased compared to both the prior quarter and the same quarter last year. The reported growth was driven by broad-based gains across the business, though the filing notes items affecting comparability.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$22.3B
Revenue reported for this quarter.
Quarter-over-quarter
+25.1%
Change from the immediately preceding quarter.
Year-over-year
+10.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$82.4B
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 |
|---|---|---|
| Jun 11, 2022 | $20.2B | +5.2% |
| Sep 3, 2022 | $22B | +8.8% |
| Mar 25, 2023 | $17.8B | +10.2% |
| Jun 17, 2023 | $22.3B | +10.4% |
Revenue performance
The company delivered higher revenue in the current period, continuing a pattern of sequential improvement seen in recent quarters. The result reflects sustained demand across its product categories.
Quarterly comparison
Compared with the immediately preceding quarter, revenue rose, reversing a decline in the prior period. Revenue also increased relative to the same quarter one year earlier, building on a year-ago base that was already elevated.
What to watch
The company's trailing revenue remained at a level notably above the prior trailing period, though the quarterly trend shows some volatility that may warrant monitoring.