US Stocks Move｜PepsiCo rises nearly 4% to hit a new one-year high, Q4 operating profit surges nearly 60%, plans to repurchase $10 billions in shares

Glonghui, February 3rd｜PepsiCo (PEP.US) rose nearly 4%, closing at $161.24, marking a new high since December 2024. According to reports, PepsiCo’s Q4 revenue increased by 5.6% year-on-year to approximately $29.34 billions, and operating profit surged nearly 60% year-on-year to about $3.557 billions. PepsiCo has reduced the prices of some of its major brands (including Lay’s and Doritos) by up to 15% to boost sales. Looking ahead to this year, the company reaffirmed its annual core earnings per share growth target of 4% to 6%, which was announced in December last year. In addition, PepsiCo’s management announced a stock repurchase plan of up to $10 billions. (Glonghui)