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Sizzling Q3 figures for PepsiCo

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Miguel A. Rodriguez
Miguel A. Rodriguez
07 October 2021
The multinational food, snack, and beverage corporation surprised markets with its quarterly earnings

PepsiCo Q3 2021 adjusted EPS came in at $1.79 compared with $1.73 expected. Net sales rose 11.6% to $20.19 billion, topping expectations of $19.39 billion, despite increased costs and snarls in the supply chain. The company’s North American beverage business revealed organic revenue growth of 7% in the quarter.

According to PepsiCo Frito-Lay subsidiary figures, consumers maintained many of their pandemic snacking habits, leading to 5% organic revenue. Salty and savory snacks categories were favorite options.

PepsiCo revealed that it expects an 8% increase in organic revenue for the year, up from a previous forecast of 6% growth. The figures are below analysts’ expectations of a revenue increase of 9.5% and an earnings growth of 13%.

At the moment of writing, PepsiCo stock price is up 0.53%.

Sources: cnbc.com, finance.yahoo.com

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.