PepsiCo (NASDAQ:PEP) has announced its financial results for the second quarter of 2024, showcasing modest gains amidst a challenging economic environment.

The company reported a slight increase in net revenue, with a growth of 0.8% for the second quarter and 1.5% for the year-to-date.

In terms of earnings, PepsiCo reported a more substantial increase.

Earnings per share (EPS) for the second quarter rose by 13% to $2.23, while the year-to-date EPS increased by 10% to $3.71.

Despite these gains, the company noted a 1% negative impact on EPS from foreign exchange fluctuations during the second quarter.

Shifting focus to non-GAAP metrics, which provide a view excluding certain financial elements, PepsiCo’s organic revenue showed healthier growth.

The organic revenue grew by 1.9% in the second quarter and 2.3% year-to-date.

Similarly, the core earnings per share (Core EPS), which adjusts for some non-recurring and variable items, rose by 10% to $2.28 for the second quarter and by 9% to $3.89 for the year-to-date.

These results underline PepsiCo’s resilience and strategic adjustments in response to global financial trends.