PepsiCo (PEP) Revenue — Quarter Ended Sep 7, 2024
Revenue for the quarter decreased compared to the same period last year. On a sequential basis, revenue increased from the immediately preceding quarter.
Key takeaway
Quarter ended Sep 7, 2024 · FY2024 Q3
Revenue for the quarter decreased compared to the same period last year. On a sequential basis, revenue increased from the immediately preceding quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$23.3B
Revenue reported for this quarter.
Quarter-over-quarter
+3.6%
Change from the immediately preceding quarter.
Year-over-year
-0.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$87.5B
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 |
|---|---|---|
| Sep 9, 2023 | $23.5B | +6.7% |
| Mar 23, 2024 | $18.3B | +2.3% |
| Jun 15, 2024 | $22.5B | +0.8% |
| Sep 7, 2024 | $23.3B | -0.6% |
Revenue performance
The reported revenue for this quarter was lower than the same quarter a year earlier, reflecting a year-over-year decline. However, compared to the prior quarter, revenue rebounded and showed a positive sequential trend.
Quarterly comparison
When compared with the immediately preceding quarter, the revenue for this quarter moved higher. But relative to the same quarter one year earlier, the revenue was slightly lower.
What to watch
The year-over-year decline, even as sequential revenue improved, warrants monitoring for sustained demand trends.