PepsiCo (PEP) Revenue — Quarter Ended Mar 23, 2024
Revenue for the quarter declined sharply from the immediately preceding period but rose compared with the same quarter one year earlier. The sequential drop follows a pattern of quarterly volatility seen in the trailing data.
Key takeaway
Quarter ended Mar 23, 2024 · FY2024 Q1
Revenue for the quarter declined sharply from the immediately preceding period but rose compared with the same quarter one year earlier. The sequential drop follows a pattern of quarterly volatility seen in the trailing data.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$18.3B
Revenue reported for this quarter.
Quarter-over-quarter
-22.2%
Change from the immediately preceding quarter.
Year-over-year
+2.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$81.9B
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 25, 2023 | $17.8B | +10.2% |
| Jun 17, 2023 | $22.3B | +10.4% |
| Sep 9, 2023 | $23.5B | +6.7% |
| Mar 23, 2024 | $18.3B | +2.3% |
Revenue performance
Reported revenue moved lower versus the prior quarter, marking a reversal from the increases seen in the two preceding quarters. Compared with the same period last year, revenue was higher.
Quarterly comparison
The immediate preceding quarter is not supplied in the filing context for the current quarter, but the trailing revenue data shows a significant sequential decline from the prior quarter's level. The year-ago comparison reflects growth over the same period in the prior year.
What to watch
Monitor whether revenue can resume sequential growth after the current quarter's sharp decline, given the volatility evident in the trailing trend.