Starbucks > Pepsi > Coke
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 9 October 2024
⏱️ 29 minutes
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| 0:00.0 | We're talking snacks and copycats. You're listening to Motley Full Money. |
| 0:08.6 | I'm Mary Long joined today by Jason Hall. Jason, thank you very very much for being here with us this morning. |
| 0:19.0 | Hey Mary. |
| 0:20.0 | So we are going to kick things off with PepsiCo because they reported earnings yesterday. |
| 0:28.0 | The big story per management is that Americans are more value conscience. |
| 0:33.2 | So Pepsi seeing this play out in their results. |
| 0:36.2 | A couple big items, revenue of $22.5 billion for the quarter, |
| 0:41.2 | that's down a bit from a year ago and it's shy of analyst |
| 0:44.6 | expectations which were closer to 22.6 billion bucks. Net income came in at |
| 0:49.6 | 2.93 billion dollars. |
| 0:52.6 | It's also down year over year, also missed analyst estimates. |
| 0:57.4 | If you break this up into segments, it's really only beverage sales that saw an uptick in the North American segment for |
| 1:04.7 | beverage sales that uptick was minimal it was about 2 tenths of a percent. |
| 1:08.2 | Europe saw a bit more traction closer to 6.5 percent increase but |
| 1:12.3 | pretty much every other segment, which |
| 1:14.0 | includes a lot of salty, sweet, snacks, those are all down. Whether it's any of |
| 1:20.0 | those items or something entirely different, What are your headlines from this report? |
| 1:23.7 | Yeah, I think it's, my headline would be, it's fine. |
| 1:27.0 | Everything's fine. |
| 1:28.7 | But we're also gonna buy this really interesting clean foods, |
| 1:32.2 | Mexican snack foods company because it's not really like fine fine. |
| 1:37.2 | It's interesting what's going on because we look at the long-term trends |
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