PepsiCo Reports Strong Q4 Earnings and Announces $10 Billion Stock Buyback

PepsiCo, the global snack and beverage giant, reported better-than-expected fourth-quarter profits, driven by robust international demand. According to Jin10, the company announced a $10 billion stock repurchase plan. PepsiCo's earnings per share for the fourth quarter stood at $2.26, slightly surpassing Wall Street expectations. Following a $4 billion investment by activist investor Elliott Management last year, PepsiCo has faced pressure to revamp its product lineup and enhance the price competitiveness of its core brands. In December, the company reached an agreement with the investor, committing to reduce its U.S. product line by 20% and lower prices on some of its core brands.