Categories AlphaGraphs, Consumer, Earnings
PEP Earnings: All you need to know about PepsiCo’s Q3 2023 earnings results
PepsiCo Inc. (NASDAQ: PEP) reported third quarter 2023 earnings results today.
Net revenue increased 6.7% year-over-year to $23.45 billion. Organic revenue growth was 8.8%.
Net income attributable to PepsiCo was $3.1 billion, or $2.24 per share, compared to $2.7 billion, or $1.95 per share, last year. Core EPS amounted to $2.25.
Both revenue and earnings beat expectations.
For FY2023, the company expects organic revenue growth of 10%. It raised its earnings outlook for the year and now expects core EPS of $7.54 and core constant currency EPS growth of 13% versus its previous expectations of $7.47 and 12% respectively.
The stock gained nearly 2% in premarket hours on Tuesday following the announcement.
Prior performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Key metrics from Shopify’s (SHOP) Q1 2024 earnings results
Shopify Inc. (NYSE: SHOP) reported first quarter 2024 earnings results today. Revenue increased 23% to $1.9 billion compared to the prior-year period. Gross Merchandise Volume (GMV) increased 23% year-over-year to
EA Earnings: Electronic Arts reports lower revenues for Q4 2024
Video game publisher Electronic Arts (NASDAQ: EA) Tuesday reported a decline in revenues for the fourth quarter of 2024. Meanwhile, the top line came in slightly above analysts' estimates. Fourth-quarter
What to look for when Home Depot (HD) reports Q1 2024 earnings
Shares of The Home Depot (NYSE: HD) stayed red on Tuesday. The stock has gained 17% over the past 12 months. The home improvement retailer is scheduled to report its