In Latin America, sales increased by 0.5% to US$11.718 billion.
The snack and soft drink multinational PepsiCo recorded a net profit of US$ 9,578 million (9,330 million euros) in 2024, equivalent to an increase of 5.5% compared to the previous year, the multinational reported, pointing out the impact of geopolitical tensions and the moderate performance in the United States, which was reflected in a 0.2% drop in turnover in the fourth quarter.
The company's net income for the year as a whole amounted to US$ 91,854 million (89,475 million euros), 0.4% more than a year earlier, although in organic terms, which exclude the effect of the exchange rate and variations in the company's accounting perimeter, the increase was 2%.
PepsiCo's North American beverage sales rose by 0.5% to US$27.769 billion (27.050 billion euros), but Frito-Lay's sales fell by 0.6% to US$24.755 billion (24.114 billion euros).
Sales in Europe also increased by 4.8% to US$13.874 billion (13.515 billion euros), while in Latin America they rose by 0.5% to US$11.718 billion (11.414 billion euros) and in Asia-Pacific, Australia, New Zealand and China they totaled US$4.845 billion (4.719 billion euros), 0.9% more.
Between October and December, the multinational obtained a net profit of US$ 1,523 million (1,484 million euros), 17% more than a year earlier, while sales decreased by 0.2%, to US$ 27,784 million (27,064 million euros), although they grew by 2.1% in organic figures.
"Our businesses remained resilient in 2024, despite moderate performance trends across categories in North America, the impact related to recalls at the Quaker Foods North America division and trade disruptions due to geopolitical tensions in certain international markets," said PepsiCo Chairman and CEO Ramón Laguarta of Spain.
Looking ahead to 2025, the executive said the company will continue to expand its international business while also taking steps to improve its performance in North America.
PepsiCo expects to achieve low-single-digit organic revenue growth and mid-single-digit currency-adjusted earnings per share growth this year.
The company also anticipates total cash returns to shareholders of approximately US$8.6 billion (€8.377 billion), including US$7.6 billion (€7.403 billion) in dividends and share repurchases of US$1 billion (€974 million).
