PepsiCo Reports Q1 Beat & Raises 2023 Outlook
<p><a href='https://financialmodelingprep.com/financial-summary/PEP'>PepsiCo (NASDAQ:PEP)</a> shares rose more than 2% yesterday after the company reported its Q1 earnings results, with EPS of $1.50 coming in better than the Street estimate of $1.38. Revenue was $17.85 billion, beating the Street estimate of $17.24 billion.</p>
<p>The company raised its full 2023-year guidance following a boost in prices, which allowed it to surpass Q1 estimates, despite facing higher input costs.</p>
<p>The company now expects full-year core EPS of $7.27 (vs. $7.20 prior), above the Street estimate of $7.26. Full-year organic growth is expected to be 8% (vs. 6% prior).</p>

NASDAQ:PEP