In this photo illustration PepsiCo products are shown on October 05, 2021 in Chicago, Illinois.
Scott Olson | Getty Images
PepsiCo on Tuesday reported quarterly earnings and revenue that topped analyst expectations as consumers paid more for their Doritos, Quaker oatmeal and Gatorade.
On the heels of its strong performance, the company raised its full-year forecast for organic revenue growth.
Shares of the company were flat in premarket trading.
Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
- Earnings per share: $1.29 adjusted vs. $1.23 expected
- Revenue: $16.2 billion vs. $15.56 billion expected