How much did PEP price increase on the previous earnings call?

The previous earnings call for PepsiCo (PEP) was held on April 23, 2024, and the stock price experienced a decline following the earnings announcement. Here's a detailed analysis of the stock price movement:

1. Earnings Performance: PepsiCo reported better-than-expected revenue in the first quarter, with a 2% increase to $18.3 billion, surpassing the $18 billion Wall Street forecast. The company's net earnings rose 5.6% to $2 billion in the first quarter, with earnings per share (EPS) of $1.61, excluding special items.
2. Stock Price Reaction: Despite the strong earnings performance, PepsiCo's shares fell more than 2.5% in morning trading on the day of the earnings release. This suggests that the market may have been expecting even stronger growth from the company, particularly after the significant revenue growth of 9.5% in the previous year.
3. Factors Influencing Stock Price: The stock price decline could be attributed to a combination of factors, including investor expectations, market conditions, and the company's guidance for the year. PepsiCo reaffirmed its financial guidance for 2024, including organic revenue growth of 4%, which may have disappointed some investors who had grown accustomed to stronger growth rates.

In conclusion, the previous earnings call for PepsiCo resulted in a decline in the stock price, despite the company reporting better-than-expected revenue. The extent of the price increase or decrease on the next earnings call will depend on a variety of factors, including the company's financial performance, market conditions, and investor sentiment. It is not possible to provide a direct comparison of the price increase on the previous earnings call, as the stock price movement was a decline rather than an increase.