PepsiCo Shares Up Following Strong Q3 Results
<p><a href='https://financialmodelingprep.com/financial-summary/PEP'>PepsiCo, Inc. (NASDAQ:PEP) shares closed with a 2.56% gain on Wednesday following the company’s reported Q3 results, delivering an impressive beat and raise quarter in a difficult operating environment. </p>
<p>The company posted quarterly EPS of $1.79, better than the consensus estimate of $1.73, and revenue of $20.19 billion, compares to the Street estimate of $19.39 billion.</p>
<p>Total company organic sales grew +9% (vs. Street estimate of +5.5%), which equates to +6.6% on a 2-year average basis – a 20 bps sequential acceleration from the June quarter. The upside surprise was driven by organic sales meets or beats across all reporting segments, with sizable over-delivery in Latam, AMESA, APAC, and Europe.</p>
<p>The company has proven its ability to execute amid volatility, but between rising cost pressure and reinvestment spend, there is little room for EPS upside relative to where consensus is.</p>

NASDAQ:PEP