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Benzinga
Benzinga
Business
Nabaparna Bhattacharya

PepsiCo Signals Strong Pipeline And Cost Discipline Driving Future Profit

PEP PepsiCo Ramon Laguarta
Pepsi,Can,Black,Background,Isolated.,Toronto,,Canada,-,July,6,

PepsiCo, Inc. (NASDAQ:PEP) reported third-quarter adjusted earnings per share of $2.29, beating the analyst consensus estimate of $2.26. Quarterly sales of $23.937 billion (+2.6% year over year) outpaced the Street view of $23.827 billion.

“Our reported net revenue growth accelerated and reflects the resilience of our international business, improved momentum within North America Beverages and the benefits of our portfolio reshaping actions,” said Chairman and CEO Ramon Laguarta.

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