HomeFinancePepsiCo beats earnings estimates, raises full-year outlook - UnlistedNews

PepsiCo beats earnings estimates, raises full-year outlook – UnlistedNews

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

David Pablo Morris | Mayor Bloomberg | fake images

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

Shares of the company rose more than 2% in premarket trading.

Here’s what the company reported compared to what Wall Street expected, based on a survey of analysts conducted by Refinitiv:

  • Earnings Per Share: Adjusted $2.09 vs. $1.96 expected
  • Revenue: $22.32 billion vs. $21.73 billion expected

Pepsi reported second-quarter net income attributable to the company of $2.75 billion, or $1.99 per share, compared with $1.43 billion, or $1.03 per share, a year earlier.

Excluding items, the beverage giant earned $2.09 per share.

net sales rose 10.4% to $22.32 billion.


Sara Marcus
Sara Marcushttps://unlistednews.com
Meet Sara Marcus, our newest addition to the Unlisted News team! Sara is a talented author and cultural critic, whose work has appeared in a variety of publications. Sara's writing style is characterized by its incisiveness and thought-provoking nature, and her insightful commentary on music, politics, and social justice is sure to captivate our readers. We are thrilled to have her join our team and look forward to sharing her work with our readers.


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