PepsiCo's Q4 Earnings Beat Expectations Despite Revenue Decline

PepsiCo reported mixed quarterly results with earnings per share beating expectations but revenue falling short, as North American demand for its food and drinks weakened. The company's net sales dropped 0.5% to $27.85 billion, with organic revenue rising 4.5% but volume declining due to higher prices impacting consumer demand. Pepsi anticipates a weaker first half of 2024 due to product recalls and international conflicts, with executives expecting international organic revenue growth to outpace North America for the full year.