PepsiCo Reports Stronger Global Performance Than in North America
PepsiCo (PEP) reported stronger-than-expected organic sales growth for its fiscal third quarter, driven by strong global performance. Revenue rose 5.6% year-over-year to $25.3 billion, with organic sales increasing 3.1%, surpassing the consensus forecast of a 2.9% rise. The company's better-than-expected results were fueled largely outside North America, where growth was more subdued compared to international markets. The earnings report led to an early positive reaction in investor sentiment as shares traded slightly higher following the release.
Tickers: $PEP
Topics: earnings organic sales revenue growth