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PepsiCo (PEP) Q3 2023 earnings

Pepsi products at a convenience store in Crockett, California, US, on Friday, 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

Pepsi reported third-quarter net income attributable to the company of $3.09 billion, or $2.24 per share, up from $2.7 billion, or $1.95 per share, a year earlier.

Excluding items, the company earned $2.25 per share.

Net sales rose 6.7% to $23.45 billion.

Summarize this content to 100 words Pepsi products at a convenience store in Crockett, California, US, on Friday, June 16, 2023.David Paul Morris | Bloomberg | Getty ImagesPepsiCo 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 expectedRevenue: $23.45 billion vs. $23.39 billion expectedPepsi reported third-quarter net income attributable to the company of $3.09 billion, or $2.24 per share, up from $2.7 billion, or $1.95 per share, a year earlier.Excluding items, the company earned $2.25 per share.Net sales rose 6.7% to $23.45 billion.
https://www.cnbc.com/2023/10/10/pepsico-pep-q3-2023-earnings.html PepsiCo (PEP) Q3 2023 earnings

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