PepsiCo’s Upcoming Q3 Earnings Preview
<p>Deutsche Bank analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/PEP'>PepsiCo, Inc. (NASDAQ:PEP)</a> ahead of the upcoming Q3/22 earnings, scheduled to be reported on October 12.</p>
<p>According to the analysts, investors (for valid reasons) have increasingly come to favor the company amid a tough macro backdrop, given its advantaged category exposure with rational competitive behavior, seemingly resilient supply chain, recent executional process, consistent sources of productivity, and proven RGM capabilities. </p>
<p>According to the analysts, US tracked channel consumption remains robust, growing 14.1% in fiscal Q3 and accelerating sequentially by nearly 2 pts on a 3-year CAGR basis behind strong pricing and favorable elasticities.</p>
<p>The analysts raised their price target on the company’s shares to $181 from $179, while maintaining their Hold rating.</p>

NASDAQ:PEP