PepsiCo Inc. (NASDAQ: PEP) reported third quarter 2020 earnings results today.
Net revenues increased 5.3% year-over-year to $18 billion while organic revenue growth was 4.2%.
Net income attributable to PepsiCo was $2.2 billion, or $1.65 per share, compared to $2.1 billion, or $1.49 per share, last year. Core EPS amounted to $1.66.
Both the top and bottom line numbers surpassed analysts’ projections.
PepsiCo expects organic revenue growth of approx. 4% for full year 2020. Core EPS is expected to be $5.50 which compares to $5.53 last year.
