PepsiCo reported its third-quarter earnings for 2024, revealing an adjusted earnings per share (EPS) of $2.31, slightly above the estimate of $2.30. However, the company's revenue of $23.32 billion fell short of the projected $23.80 billion, marking a 0.6% decline year-over-year. Organic revenue growth was reported at 1.3%, below the expected 3%. Due to weaker demand, particularly in North America, PepsiCo has revised its full-year guidance, now anticipating a low single-digit increase in organic revenue, down from a previous estimate of approximately 4%. The company's market capitalization stands at $229.68 billion. Following the earnings announcement, PepsiCo's shares experienced a premarket decline of about 1%. The CEO acknowledged the challenges posed by subdued performance trends in North America and ongoing geopolitical tensions affecting international markets. Despite these difficulties, the company maintained its core EPS guidance for the fiscal year at least at $8.15.