Earnings

PepsiCo (PEP) Q3 2023 earnings

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Pepsi products at a convenience store in Crockett, California, June 16, 2023.

David Paul Morris | Bloomberg | Getty Images

PepsiCo on Tuesday reported quarterly earnings and revenue that beat analysts’ expectations and raised its outlook for its full-year earnings.

Shares of the company rose 2% in premarket trading.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG, formerly known as Refinitiv:

  • Earnings per share: $2.25 adjusted vs. $2.15 expected
  • Revenue: $23.45 billion vs. $23.39 billion expected

For 2023, Pepsi now expects constant currency earnings per share growth of 13%, up from its prior forecast of 12%. It’s the…



Source cnbc.com

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