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PepsiCo's Q1 net revenue decreased by 1.8% year-on-year, and operating profit decreased by 4.9% year-on-year.
On April 24, 2023, Gonglonghui reported that PepsiCo announced its first-quarter performance, with a core EPS of $1.48, down from $1.61 in the same period last year, and market expectation was $1.49; operating profit was $2.58 billion, a decrease of 4.9% year-on-year, while market forecast was $2.78 billion; net revenue was $17.92 billion, down 1.8% year-on-year, compared to market expectation of $17.77 billion; organic revenue growth was 1.2%, down from 2.7% in the same period last year, with market expectation of 0.53% growth; capital expenditure was $0.603 billion, while market expectation was $0.657 billion.
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