PepsiCo, Inc. ( PEP - Free Report ) has reported robust fourth-quarter 2024 results, wherein earnings surpassed the Zacks Consensus Estimate and improved year over year. Meanwhile, the company's top line beat the consensus mark but declined year over year. The top-line results have been mainly affected by subdued category demand in its convenient food business and the impacts of a product recall in the QFNA segment. PepsiCo's fourth-quarter core EPS of $1.96 beat the Zacks Consensus Estimate of $1.95 and increased 10.1% year over year. In constant currency, core earnings improved 14% from the year-ago period. The company's bottom line benefited from effective cost controls, driven by incremental investments to improve market competitiveness. Its reported EPS of $1.11 improved 17% year over year in the quarter. Foreign currency impacted EPS by 4%.